I work with several financial and insurance companies and it is just plain idiotic from any standpoint for AIG to pull out of so many markets. With regards to Latin America and the Caribbean, other insurance have figured out how to sell and expand in these markets while Peter Handcock is closing these countries down completely and pulling out. Does he think that these countries cannot be profitable? Probably not, but he seems to be simply trying to save his ass at the expense of thousands and suck up to share holders while firing thousands of people who have dedicated themselves to making South America a productive part of AIG, in spite of Peter Handcock’s ultimate stupidity. Smart corporate leaders adjust their product mix and sales techniques to correspond with the markets they are in, stupid ones close their hot dog stands and pull out. The most unfortunate result of this his poor leadership is the firing of so many dedicated employees worldwide, including the entire staff of there South American and Caribbean offices here in Miami, many of whom moved their families here from various South and Central American countries thinking AIG cared about expanding business in LATEM instead of a stupid, selfish leader who only cared about his own ass. Disgusting. Personally, I’d never buy from AIG again, and in retrospect, it is too bad our government saved this company only to discover that they had chosen a leader in Peter Handcock who cared more about his own job than the future of the company he was supposed to lead.
AIG Largest Shareholders Vanguard SSga Funds, Capital Research Global Investors, Black Rock Fund then Carl Ichan, What do other shareholders do?
I work with several financial and insurance companies and it is just plain idiotic from any standpoint for AIG to pull out of so many markets. With regards to Latin America and the Caribbean, other insurance have figured out how to sell and expand in these markets while Peter Handcock is closing these countries down completely and pulling out. Does he think that these countries cannot be profitable? Probably not, but he seems to be simply trying to save his ass at the expense of thousands and suck up to share holders while firing thousands of people who have dedicated themselves to making South America a productive part of AIG, in spite of Peter Handcock’s ultimate stupidity. Smart corporate leaders adjust their product mix and sales techniques to correspond with the markets they are in, stupid ones close their hot dog stands and pull out. The most unfortunate result of this his poor leadership is the firing of so many dedicated employees worldwide, including the entire staff of there South American and Caribbean offices here in Miami, many of whom moved their families here from various South and Central American countries thinking AIG cared about expanding business in LATEM instead of a stupid, selfish leader who only cared about his own ass. Disgusting. Personally, I’d never buy from AIG again, and in retrospect, it is too bad our government saved this company only to discover that they had chosen a leader in Peter Handcock who cared more about his own job than the future of the company he was supposed to lead.