GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Letter from an AIG VP who got a $1M bonus

kane · 03-25-2009, 05:06 PM

I read the letter and he makes some good points. Here is my opinion on this.

1. I have been in this guys situation (to some degree) in the past. I worked for a company that had several different divisions. The division I worked in was profitable and did well for the company. However two others were poorly ran and the sales team overestimated the amount of the units that would be sold. To meet the assumed demand the company ramped up production and hired a lot of people as well as purchasing the machines and tools these people needed to work. What came of it was a few warehouses full of product and no buyers. So the company spent a ton of money making a product they now were having trouble selling. That division along with another one drove the company into losses for the year. Twice a year they gave out bonuses and on this particular year they didn't because of the losses of those two divisions. No the bonuses were not guaranteed, but still everyone assumed we would get them and we were told by management that we would get them. Then we didn't

It happens. If the company fails you may get screwed. How many people who worked for Enron and had nothing to do with their downfall got fucked over? The ship was sinking and he decided to trust them and stay on and got the shaft.

2. If he wants to leave, let him leave. As someone else said this is a global company with around 120,000 employees. Does he assume that there is nobody else out there who can do his job? If the government hadn't stepped in with a bailout he would have been out of the job and no bonus because there would be no company. I understand him wanting to make a living, no problem, but tough times call for tough measures.

3. They should offer these people stock instead of bonuses. Sell the on the fact that the stock is at around $1, but just 2 years ago it was at around $70. Give them a ton of shares and tell them if they can just get it back up to $8-$10 they will be very rich. If they have that option ahead of them they may be willing to stay on work for next to nothing with the prospect of making a ton of money as the company rebounds.

03-25-2009, 05:06 PM
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	I read the letter and he makes some good points. Here is my opinion on this. 1. I have been in this guys situation (to some degree) in the past. I worked for a company that had several different divisions. The division I worked in was profitable and did well for the company. However two others were poorly ran and the sales team overestimated the amount of the units that would be sold. To meet the assumed demand the company ramped up production and hired a lot of people as well as purchasing the machines and tools these people needed to work. What came of it was a few warehouses full of product and no buyers. So the company spent a ton of money making a product they now were having trouble selling. That division along with another one drove the company into losses for the year. Twice a year they gave out bonuses and on this particular year they didn't because of the losses of those two divisions. No the bonuses were not guaranteed, but still everyone assumed we would get them and we were told by management that we would get them. Then we didn't It happens. If the company fails you may get screwed. How many people who worked for Enron and had nothing to do with their downfall got fucked over? The ship was sinking and he decided to trust them and stay on and got the shaft. 2. If he wants to leave, let him leave. As someone else said this is a global company with around 120,000 employees. Does he assume that there is nobody else out there who can do his job? If the government hadn't stepped in with a bailout he would have been out of the job and no bonus because there would be no company. I understand him wanting to make a living, no problem, but tough times call for tough measures. 3. They should offer these people stock instead of bonuses. Sell the on the fact that the stock is at around $1, but just 2 years ago it was at around $70. Give them a ton of shares and tell them if they can just get it back up to $8-$10 they will be very rich. If they have that option ahead of them they may be willing to stay on work for next to nothing with the prospect of making a ton of money as the company rebounds.