So I was RIFd in August along with many other people who actually bring dollars into the company and Zaffino gets close to $3m in bonus. How many jobs would have been saved had that bonus been out back into the work force? I can tell you based on my salary, Zaffinos bonus would have paid my salary for the next 27 years!!! How is there no lawsuit filed already?
Think that @Ycy9sWu-4cwj summed it up real well
We were all RIF’d, within our teams across the US and here in Phillipines, and what was interesting was it was all women, some over 30 years, while people who haven’t shown up to office since before Harvey are still there in Houston. No boss on site, so no clue. Day drinking, Facebook postings all during business times, vacations while not submitting time, are still there. Cut you out before quarter end so they didn’t have to pay full STI. Worst company I have ever worked for, and I’ve worked in bad places, but nothing as bad as AIG.
Absolutely well stated - AIG is being taken down by design there’s no mystique to this everyone is watching the dismantling of a once repeat ‘a once upon a time’ powerhouse the blue chip of all blue chips insurance organization just watch wait & look for your ticket to be punched it’s well on the way already the breakdown rolling down the tracks & accelerating cuts everywhere no Tech Support systems barely working or not at all the plug is being pulled on various software applications just today Tool Kit dissolved de-commissioned without notice it’s a house of cards folks when where will the next dominos fall any takers thanks
Yes of course his bonus could have been put back into the salaries of other ee's and benefitted them. What is really happening: BD was brought on to pare down the company, break it up and sell it. Of course he came in saying that we are going to rebuild. Did you expect him to say "I was brought in to pare down the company, break it up and sell it"? The stock would have tanked. That's why bonuses are awarded in the midst of RIF's - management has been told to reduce staff. They do their job to move the company towards the goal of sale and they get rewarded. If this had not been going on for some time, I would say that it is a different situation. Look, I am not trying to be mean or depressing here, but look at all that has been going on, is going on, and most likely will be going on.
The frustration comes about when an ee wants the company to do one thing (recover) but the company is moving toward a sale.
I was RIF'd several years back, before it became "fashionable" to wait it out and take your package. We were at a time when it was believed that a turn around could happen.
But watching AIG from a distance now, it looks apparent that the path AIG is taking is clear.
So, what to do? Wait for your package if you have a good deal coming. Hang in there. It's worth it. If you don't have enough time, start looking. There are many companies out there hiring.
So accept the situation, plan alternatives and move forward accordingly.