Sunday, March 29, 2009

The AIG Perspective

Maybe this is just a natural reaction whenever the media and public goes so overboard in anger, but I feel a degree of sympathy to some of the employees at AIG. That's why I found an uncovered internal blog entry from an exec at AIG so compelling. Below is an excerpt, but I recommend reading the whole thing here:

"It's amusing to hear people say we should be fired, or that the job isn't all that hard, or there's 50 people willing to do any of our jobs. To all of those folks, here's a clue: This is not a going concern, we have been working ourselves out of a job for the last 6 months, we will not have jobs when we are done, and any replacement will be doing it slower than we can, and is very likely to screw it up much worse than it already is. Oh, and a replacement might not get paid at all, if the government changes its mind again. The only reason I stayed was because I was told that I was a valued member of the team and I was promised a payment. Nobody ever actually tried to renegotiate the terms. It was never a secret, the ERP (Employee Retention Plan) was disclosed many times. Anybody telling you otherwise is lying. Anybody - Geithner, Cuomo, Blumenthal, Dodd, all of them and also those guys in Congress - they all had that information back in October. Cummings has been railing at Liddy about it since at least October."

No comments:

Post a Comment

Add to Technorati Favorites