Where do you think AIG will be in 5-10 years time?
11 replies (most recent on top)
In the upcoming recession, when stock goes down to 15, Berkshire or an international firm (Zurich or others) may buy acquire it at 22-25 stock price.
The dumpster fire will be put out and the remaining ashes will be thrown in the trash
They will be like Enron or Lehman Brothers. AIG was involved in 2015 financial scandal already. It’s really interesting to see the future of AIG. I’m listening to the book called “Fallen Giant” by Ronald Shelp. Interesting book.
They'll be like Kodak.
AIG is a ghost of it’s former self due to it’s toxic culture. They don’t value knowledge or education. The talent is leaving or is being forced out.
5 yrs from now, AIG will be the best company in the world. Every employee will be paid $1mn salary at the minimum. Loss ratios would be less than 10%. AIG CEO will be awarded Noble peace prize for doing insurance business and spreading peace in this world.
Prior post is spot on.
Funny how the AIG stock price ticker was removed from the new Connect page. Did executive management get tired of looking at their failure to keep the stock price high at any cost? Better sacrifice some more workers, stock is near 52 week lows.
For those that don’t know, the ELT (those coming on 2-3+ years now) are laser focused on one thing.
With that in mind, read the annual proxy statement, see where the ELT options strike price/date is, and where the current stock price is, and figure out what the difference is between the two. You now know the number they are trying to hit by a certain date by any means possible.
The ship has sailed for a major underwriting turnaround as most of that talent has left, so assume a go-forward quarterly 10-75 bps UW improvement (“as adjusted”, ex-CAT, “Community-adjusted EBITDA”, etc), and the remainder will need to be made up by expense reduction.
For those staying, you’re probably about to have a first row seat in really seeing how the sausage is made…
Phillipines
Be just a name in the past like Kmart/Sears. I don’t see a future with AIG or CBRG if they still keep the current culture. However, I do like most people in my current team & the work. That was my excuse to stay at AIG longer than I should. I’m out. Don’t want to be a slave for this unethical company who treats the employees like dirt. The executives don’t care about the loss of knowledge. I had been through 2014 wave and I can tell you that it was horrible. The whole KT process back then was ugly with ridiculous expectations of the people in the States vs. in India. The people in the States had to carry the workloads & stresses. Then they had to hire more contractors and later hired full time employees in the States cause the quality of the works in India were so bad & it caused double work here in the States. Maybe someone would have a more optimistic future about AIG/CBRG but not me. Adios.
Busted up and a shell company.