Will continue per the town hall today put in a round about way. Heard of one layoff today in NY. Not sure which department though.
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What is Argus smoking? The stock was 63 when BD came in now it is at 42. No STI. How do you spell STI/Bonus. It is 43 million dollars.
AIG Is Maintained at Buy by Argus
10:33 am ET November 2, 2018 (Dow Jones) Print
AIG Is Maintained at Buy by Argus
Ratings actions from Benzinga: https://www.benzinga.com/stock/AIG/ratings
(END) Dow Jones Newswires
November 02, 2018 10:33 ET (14:33 GMT)
DJ AIG Price Target Cut to $50.00/Share From $58.00 by Argus
Ratings actions from Benzinga: https://www.benzinga.com/stock/AIG/ratings
This company is such a joke. Continue to hire executives with their big pay days and then talk about layoffs. I really think they are trying to bury the company into the ground with all of their buddies getting big paydays. You aren't going to have any workers doing the actual work with all these cuts and people leaving. It's sad. BD with his 43MM a year could save those jobs if he cut his salary. Bezos and Cook don't even make that kind of salary and their companies have market caps of close to 1T not 35B.
During the town hall meeting this week BD would not make any comment about STI numbers this year. That should be an indicator about what expected. Also staff cutting consultants are in New York Claim Offices.
Based on Warren Buffet's recent earning report is there away AiG could have him MENTOR Senior Management to help AIG and me the stockholder.
BD has 43 million reasons to be sunny and upbeat
BD does not care. He will do anything to make himself look good. Lay offs and cost cutting. I am surprised they have not closed down Eagle and Middle Market. Also he will sell Lexington. He does not need it for the larger accounts. He can always set up a new Excess company. Personal Lines will be the next victim. Lookout Fin. Lines
Despite all the havoc, BD seemed to be super sunny. No sign of sombriety or sympathy with employees. At least my bosses looked shaken up after they rifd a team in Sep. Makes me wonder if sr. management is in touch with ground level employee sentiment at all or they just don't care. No sense of direction. Everyone is left to fend for themselves. Employees should do a walkout like google employees did.
Hancock all over again....,
The only reason AIG is around is because it was bailed out by taxpayer money in 2008. Corporate socialism. Let AIG burn.
Inbreeding. Business as usual.
I thought it started out like a “can’t guarantee the future” and changed into “if our competitors are doing it we need to”. Have to say, if we exercise really tight control over hiring, then all the layoffs I think we’d need would be pretend layoffs, where the person is laid off instead of fired. Real layoffs.. we can substitute not hiring, I think.
I can confirm BD did say (stammered) that the reductions would continue.
Nothing to see here.....move along now.....