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The lobby of AIG's headquarters in the American International Building.. The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) insurance corporation was going to pay approximately $218 million (~$301 million in 2023) [1] in bonus payments to employees of its financial services division.
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, AIG employed 25,200 people. [2] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary.
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]
AIA Central in Hong Kong. The Holdings of American International Group include the operating entities and subsidiaries of insurance conglomerate American International Group (AIG) that operates in over 130 countries. [1] The company's business consists of four core areas: General Insurance, Life Insurance & Retirement Services, Financial ...
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May 14, 2024 at 2:46 PM. Matt Rourke. Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters. The big-box retailer ...
Peter Zaffino (born 1967) [1] is an American insurance industry executive. [2][3] He is the chairman and CEO of the American International Group (AIG). [4][5] Zaffino joined AIG in August 2017 as executive vice president and global chief operating officer. [6] He was CEO of AIG's General Insurance business, the company's core property-casualty ...
In an end-of-year filing with the Securities and Exchange Commission, the Austin cornerstone reported it now has 120,000 global employees as of February 3, 2024, down from 133,000 employees in ...