AIG overhauls bonus system By David Goldman NEW YORK (CNNMoney.com) -- AIG announced on Wednesday that it is changing the way it pays out bonuses to its employees‚ opting to determine compensation based on performance. "Aligning pay and performance is the hallmark of many world-class organizations and is critical to our future success‚" AIG spokeswoman Christina Pretto said in an e-mailed statement. "By motivating and driving our talent‚ it will also help us remain competitive and ensure a strong
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Tata AIG Life Client Name Tata AIG Life Services Offered Technology Java/JSP‚ Oracle‚ Flash ActionScript‚ JavaScript‚ HTML/XHTML‚ CSS‚ jQuery. Website Development‚ Technology Development‚ SEO‚ Tools & Calculators‚ Forms‚ Portal Design. Revamp & Design Integration of Online Sales & Customer Portal. The Client Tata AIG Life Insurance Company Limited (Tata AIG Life) is a joint venture company‚ formed by Tata Sons and AIA Group Limited (AIA). Tata AIG Life combines Tata’s pre-eminent leadership position
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Ann-Katrin Kohnle Organizational Behavior AIG American International Group‚ or AIG‚ started out as a company that represented American insurance companies in Shanghai. The company moved on to become a reinsurance company in the United States that would hekp insurance companies disperse their liabilites and therefore aid those companies to grow faster. In 1968‚ Maurice Greenberg took over as CEO and AIG grew and expanded into countries around the world. Today‚ AIG does not only provide reinsurance services
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What went wrong at AIG? Despite US$110 billion in annual sales and assets in excess of US$1 trillion‚ on the 16th of September 2008‚ AIG accepted the Federal Reserve’s US$85 billion rescue package in order to prevent itself from facing a Chapter 11 filing. In exchange‚ AIG had given a 79.9% stake in the company to the government and also the right to suspend dividends previously issued to common stock and preferred equity. In all‚ US$184 billion in shareholder value was wiped out in less than a
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Chapter 1 : The Quest for People-Centered Organizations and Ethical Conduct Concepts • “If you treat your employees as unique individuals‚ they’ll be loyal to you and they’ll perform— and your business will perform‚ too.” Pg 36 • “People aren’t your “greatest asset”—they’re your only asset.” Pg 37 • seven people-centered practices to be strongly associated with much higher profits and significantly lower employee turnover: o Job security (to eliminate fear of layoffs). o Careful hiring
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A CASE STUDY OF BUINESS ETHICS MANAGEMENT AT CIPLA LTD. Submitted by – Deepti Arora Roll no. – 21/055 Apeejay School of Management Cipla Limited is a pharmaceutical company based in Mumbai‚ India. Founded by nationalist Indian scientist Khwaja Abdul Hamied as The Chemical‚ Industrial & Pharmaceutical Laboratories in 1935. Cipla makes drugs to treat cardiovascular disease‚ arthritis‚ diabetes‚ weight control‚ depression and many other health conditions. Founded
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Guidelines for Memos A list of resources for good business writing appears at the end of this document. It is strongly recommended that any serious business person consider owning writing resources. Written communication is often the distinguishing factor in determining career success in any business or government environment. The following are general guidelines intended to assist the student attempting to write a business memo for the first time. A memo (short for memorandum which is latin
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Project: Code of Conduct As a consultant for the merger between UWEAR and PALEDENIM‚ I have gathered much information pertaining the creating and implementation of a code of conduct. There are many different ways this code of conduct can be implemented and delivered. While understanding that each company will have different preferences as to how to implement the code‚ I will submit an outline of what I believe is the best and most efficient way to deliver the code of conduct for both companies
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A code of conduct is an essential set of guidelines that every organization should have clearly defined and consistently enforced. While the textbook defines it as “a published listing of procedures and/or actions that simply will not be tolerated by [a] company‚” it is also used as a means of outlining proper behavior so that the employees of a company know and understand what is expected of them (Hosmer‚ 2011). Laws surrounding codes of conduct have evolved over the years but there are certain
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University of Phoenix Material Ethical Actions Worksheet Write a 100- to 150-word response to each of the following questions: • Was there anything in either the University of Phoenix Student Code of Conduct or the Student Code of Academic Integrity that surprised you? If so‚ what was it? Why were you surprised? If not‚ why not? After reading the University Of Phoenix Student Code of Conduct‚ I was not really surprised by any of the rules it has. I was not surprised because almost all
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