Everything including the extremely low stock will be blamed on COVID.
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I still remember his first Town Hall when came aboard. I actually attended in person and sat all the way by the back window on 16 because the place was packed to capacity. There was so much excitement and buzz in the room. And years later there’s absolutely nothing to show for it. Nothing has changed since the prior CEO except for the stock losing 60%. Such a joke.
everyone knows pz is in charge. bd is hanging around to milk his $12M a year in salary. he would be gone by now if he hadn't done such a great job of running aig into the ground, but all of those stock bonus incentives went out the window so now he has to sit in his mansion in Bermuda for another year or so to make up the loss. then he can walk away having been paid handsomely. well played for an executive crook. well played indeed.
when bd finishes filling his bank account, aig will put out a nice fluff piece saying how bd saved aig when all he really did was line his pockets and the pockets of all of his friends while riffing many great people that had been with aig for a very long time. the whole group of senior execs should be ashamed, but the vast amounts of $ they are raking in keeps those emotions at bay.
After all, BD is in his 70s. It would be dangerous for him to return to work.
exit with tens of millions of dollars for accomplishing virtually nothing in 3+ years, another winner of the aig executive lottery