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Originally Posted by OG LennyT
AIG is huge, I get it. Many employees, I get it... global corporation, I get that too.
What I don't get is a VP of financial products division within the AIG family... the vice-president, second-in-command of that division has never even exchanged an email or a teleconference with his bosses, boss? or bosses, bosses, boss depending on their org structure? Liddy was put in power 6 months ago and they have never spoke?
This man wasn't a fucking mailboy in the basement somewhere.
It seems maybe this lack of communication was due to a high-level exec waiting out his time as he squeezed out a few more million before getting axed.
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In big business, although it may be nice to have a card which says VP, there are generally many vice presidents, so no specific one is likely to be second in command. From what those articles say the division called "financial products" did not handle the products which nearly sank (and probably should have sunk) the company.
It is like people who do not work in online adult do not understand what someone who is primarily an affiliate means when they say they do not run "sites". Yes, of course they have sites by the definition of the word, but industry people know they mean they do not have membership sites. Yes, of course insuring banks for their poorly-considered loans might be considered a financial service, but that is clearly not what people in that industry mean by it.