“Restructure” covers all the dirty laundry for AIG; hence we’re Never done with Restructuring. What happened to all the millions we paid McKinsey? They are now gone and what better grounds have they left this company?
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Irony is they are using restructuring to cover up huge Accenture costs while saying they're saving money by RIFs. This is a purge. Without buyback stock would be at 35 or lower.
Remaining FTEs note that HR is here to protect AIG, not help you in any way. That's why any grievance you present about misconduct is never acted upon, and any lawsuits brought are settled quietly out of court so the press doesn't get wind of how bad this place is.
And I am sure the Board will approve pay raises again for BD and Senior Management. Meanwhile, they will take more away from the working employee
History repeats itself. ... let’s hope it’s not 2008 all over again.
The AIG stock price is now at 38.41 and dropping fast. It will take more than a $500,000,000 buyback to salvage this stock price. More rifs to come.