Anyone have any thoughts on the Separation project being handled by Accenture, Avanade, Deloitte, and probably other 3rd parties?
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I am hearing mid-November for completion of systems separation.
No separation yet. End of year maybe...I suspect it will be extended a few months after year end....just a guess by what I am seeing.
heard the "separation" took place last weekend. Thoughts? Am still hearing it is a complete cluster.
LOL
Seems that the CRBG stock price is too low for AIG to get out now, price to book is about 50%.
Any updates? Details? Specifics?
Just look up the iceberg theory. It is worse at AIG because senior management are surrounding themselves with clowns who tell them what they want to hear. Big money position, make the bosses happy for a few years and then move on with the “successful AIG role” as the selling point.
Year end......
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Typical Company cluster. Is there any word on an estimated "completion date" for the separation? Or is it another case of "it will be done when it's done?"
Agree re the poor planning (or lack of in this case). They are trying to run before they can even crawl, let alone walk. Im not understanding how Sr Leadership not see this and continue to push everyone to move forward despite the constant reporting of issues that are now affecting the business. But maybe that’s why I’m not Sr Leadership.
No matter who is working on this separation effort, it is extremely poorly planned. They should have had all the IT infrastructure in place for Corebridge before even thinking about starting the migration effort. This building the plane on the runway effort is doomed to fail.
The amount of money AIG wastes with consultants is disgusting. Always looking to save money but never looks at the high dollar consultants that deploy too many people that likely don’t even spend 2 hrs a day. Speaking from a former consultant
It is a big mess, none of those so called consultants know what they are doing… they hire overseas labor who have no technical knowledge to do the work
Had to go this route since they laid off all the people that could had helped to do this separation. Can you imagine if those people still worked here? It would have been a waaaaay better transition. So, this mess is what we are left with.