AIG had a SECOND big $$$ retreat planned

[DISUNC]

Forgive me, but you didn't state that the "leaders" conference was for top sales people.

You also overlooking the fact that American General isn't losing money, so on what basis should they go into financial austerity mode? They are doing their jobs, making money (that paid for the event to boot), and weren't involved in the financial mess, so why should they lose their incentives? You put an unfair squeeze on them, and their top producers may likely go elsewhere. How does that benefit AIG in the long run?

What people are complaining about here is pure symbolism devoid of any meaningfulness. American General rewarding their top producers has ZERO effect on the bailout of their imploded counterparts. It may "look" bad, but for many people "looks" are only what matters.

AIG is ONE company with ONE Stock ticker, regardless of how many divisions they internally have.

 

[Geoff_M]

AIG is ONE company with ONE Stock ticker, regardless of how many divisions they internally have.

Look, sales incentives are a budgeted expense of doing business in their case. Should American General be expected to eliminate other such expenses such as marketing and advertising for similar reasons? Should every penny be squeezed out of American General and forwarded to the parent company?

 

[CTPinkPrincess]

Look, sales incentives are a budgeted expense of doing business in their case. Should American General be expected to eliminate other such expenses such as marketing and advertising for similar reasons? Should every penny be squeezed out of American General and forwarded to the parent company?

That was part of the problem - even if American General, or Granite State (or take your pick of any of the AIG divisions that are still making money) wanted to funnel money up to the holding company to help it out, they couldn't because of statutory accounting requirements.