Producer and Stat Guy are right on. And remember, this took place BEFORE the huge loan.
Even if they had cancelled the outing, do you really think the resort would have refunded any of the money? The resort reserved a huge part of their property for this and it had been reserved for quite awhile. They would have wanted to be reimbursed for business lost.
If you are reading Insurance Journal, then you are probably in insurance and understand how this all works. These top producers bring in millions for AIG and other carriers (who also have reward programs similar).
Not everyone who posts on this site is in insurance. Some are just insurance company haters who like to post things critical of the industry. This whole thing is just grandstanding by our fine and upstanding congresspersons. They don’t hold real jobs so they don’t understand how the real world actually works.
You work your 8 hour day. Top producers spend money out of their own pocket, work 60 to 70 hour weeks are are usually in the top 5 or 10 percent of the sales force. If it was not for them you would not even have a job. Why aren’t you in sales? Oh yea, those who can sell – sell. Those who can’t manage (or work in claims).
What part of “loan” do people not understand. AIG is to pay this money back with interest and at a much higher interest rate than all the high-risk people who obtained mortgagees that should’t have! The idea that the American taxpayer should have a say in what goes on is the same as your mortgage co. telling you what you can do in your home. Because if they loan money on it, apparently “They Own it”. How would you fell if your mortgage company came to you and said no parties in your house because it could reduce the value of the home “I” own.
All of you that are posting this outrageous comments – hope to see you back here with comments when the loan is paid off WITH INTEREST! Of course we may never know how much interest the Feds make off this as that wouldn’t be good press, would it!
Media madness and everyone jumping on the wagon. So pathetic how everyone just quote and believe everything they read. By the way, this buy out is really a buy in. AIG is going to pay crazy interest. If we keep on making it miserable for the employees of AIG to work there then we will lose the taxpayer investment. When we borrow money and pay interest, do you want people telling you that they “own” you until you pay it off???
To: Hmmm
Yes they own your house, but do they come knocking on your door or protest when you buy your kids new clothes or video games or if you went out to a nice dinner for your anniversary?
If you don’t want to answer for the expenditures or the following criticisms – I suggest that you don’t ask for the American tax payers money, to bail out you obviously poor management decisions.
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Producer and Stat Guy are right on. And remember, this took place BEFORE the huge loan.
Even if they had cancelled the outing, do you really think the resort would have refunded any of the money? The resort reserved a huge part of their property for this and it had been reserved for quite awhile. They would have wanted to be reimbursed for business lost.
If you are reading Insurance Journal, then you are probably in insurance and understand how this all works. These top producers bring in millions for AIG and other carriers (who also have reward programs similar).
Not everyone who posts on this site is in insurance. Some are just insurance company haters who like to post things critical of the industry. This whole thing is just grandstanding by our fine and upstanding congresspersons. They don’t hold real jobs so they don’t understand how the real world actually works.
Something does not add up here…..
C’mon, lighten up! the broads and booze were terrific for business!!
Eli,
You work your 8 hour day. Top producers spend money out of their own pocket, work 60 to 70 hour weeks are are usually in the top 5 or 10 percent of the sales force. If it was not for them you would not even have a job. Why aren’t you in sales? Oh yea, those who can sell – sell. Those who can’t manage (or work in claims).
What part of “loan” do people not understand. AIG is to pay this money back with interest and at a much higher interest rate than all the high-risk people who obtained mortgagees that should’t have! The idea that the American taxpayer should have a say in what goes on is the same as your mortgage co. telling you what you can do in your home. Because if they loan money on it, apparently “They Own it”. How would you fell if your mortgage company came to you and said no parties in your house because it could reduce the value of the home “I” own.
All of you that are posting this outrageous comments – hope to see you back here with comments when the loan is paid off WITH INTEREST! Of course we may never know how much interest the Feds make off this as that wouldn’t be good press, would it!
Media madness and everyone jumping on the wagon. So pathetic how everyone just quote and believe everything they read. By the way, this buy out is really a buy in. AIG is going to pay crazy interest. If we keep on making it miserable for the employees of AIG to work there then we will lose the taxpayer investment. When we borrow money and pay interest, do you want people telling you that they “own” you until you pay it off???
I borrowed money from my mortgage company a few years ago and I pay interest – yes they do own me (or at least my house) to an extent.
To: Hmmm
Yes they own your house, but do they come knocking on your door or protest when you buy your kids new clothes or video games or if you went out to a nice dinner for your anniversary?
If you don’t want to answer for the expenditures or the following criticisms – I suggest that you don’t ask for the American tax payers money, to bail out you obviously poor management decisions.