Thread regarding AIG (American Intl Group Inc.) layoffs

Best Return value to shareholders would be to invest in the employees!

Other companies have figured out to keep employees happy by paying well, rewarding excellent performance,...and especially giving cost of living merit increases tha helps offset inflation (no thanks to Putins war disrupting oil and gas and supply shipping)....IS THE BEST TO ULTIMATELY GIVE BEST RETURN TO SHAREHOLDERS WHEN STOCK RISES BECAUSE OF EXCELLENT PERFORMANCE.

IN CONTRAST, AIG'S PIDDLY 0-2% raises DID Nothing to increase morale. WHAT EMPLOYEE DOES THEIR BEST WORK WHEN THEY'RE WONDERING HOW TO PAY THEIR BILLS WITH COST OF LIVING HAS SKYROCKETED?

I think SHAREHOLDERS aren't stupid. But if they weren't so greedy and be willing to wait for higher dividend payouts in long term and allow AIG to invest in its best resource...the rank and file employees...they would get more than their money's worth in the end. Long term horizon investing pays off better than Short term anyday.

by Anonymous
| 1892 views | | 7 replies (last June 22, 2022) | Reply
Post ID: @OP+1hhw82gD
Comment! It's anonymous!

7 replies (most recent on top)

Lol… who is this joker.. what long term bull sh-t are you talking about. Aig is left with people who cant find better jobs ( most of them not all). The market systems rewards deserving. If you are deserving and capable then you would find another better paying job..

Giving raises to employees who would never leave AIG makes no sense. Accept that you are a loser or prove AIG management wrong by taking up a better job. Those are your only 2 choices. And Stop that hilarious higher Long term dividend bu-----t..AIG is never going to be successful even if they double up your salary.

by No_nonsense
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Post ID: @5csz+1hhw82gD

The wrong Peter is in charge…..AIG is a sinking ship, everyone needs to either choose when to jump or they risk going down with the ship. It isn’t about “if” anymore, just a matter of “when” it sinks

by Anonymous
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Post ID: @3ifz+1hhw82gD

If they want to keep labor costs down why the interns make more than the employees they are interning with??? That ticks me off too.

by Anonymous
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Post ID: @2oah+1hhw82gD

All boils down to labor costs. AIG processes and policies are designed for high turnover to keep labor costs down for domestic employees. That's why there are 176 interns (replacements) hired annually.

by Anonymous
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Post ID: @1fdm+1hhw82gD

It's obvious they care more about themselves and their stock ownership (which we lowly lowly r/f employees don't get); I think that was the point of the message post. If AIG execs truly read these (they do.) then they can see it. (If they really care about making AIG the best in the business again, maybe, just maybe, someone foresighted enough to think long term instead of what current share price is will take action.

GO ON, AIG EXECS, READING THIS. PROVE YOU REALLY DO WANT AIG TO BE THE BEST IN BUSINESS AGAIN..OR JUST A MORE ATTRACTIVE BUYOUT TARGET TO TAKE YOUR STOCK MONEY AND RUN.

by Anonymous
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Post ID: @eev+1hhw82gD

PZ has 186,000 shares of AIG stock. What do you think is more important, giving you a raise or propping up the stock price?

by Anonymous
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Post ID: @jgu+1hhw82gD

When Peter Hancock left AIG stock was around $65 a share. Today AIG stock is around $50 a share after billions and billions of dollars of stock buy backs. When the money that is being used to buy back stocks ends, the stock will crater.

Before that money runs out, this executive team will exercise their stock options, sell and walk away. They care nothing about AIG, long term plans nor do they care about you.

by Anonymous
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Post ID: @slu+1hhw82gD

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