Why can't these guys to a better job of managing expectations? Please keep the earnings call short. I don't know if anyone has noticed, but on past calls, the more they talk the more the stock price drops. Can they please start cutting costs. Executive Benefits would be a good place to start - the management in the Atlanta office is massively overpaid.
According to the transcript notes, not the transcript itself, it would seem that Aon has completed and closed all restructuring programs, inclusive of Hewitt and Benfield. So dear Crista has nothing to add in future calls, except if Greg decides that another restructure program is needed which - by McKinsey rules - is ALWAYS THE CASE (no pun intended). What about the $300 million saving CSC was to deliver to Aon over the seven year life of the outsourcing agreement? Not a word anywhere on that one.
Aon has been "fat on top" for a number of years (I promise - that's not a reference to Case...really...). When they started their initiative back in 2004/2005 to "hire the best", all they did was to hire more top level VP's that didn't do much other than come up with...more initiatives. They placed little/no value on those that actually help to keep/maintain clients.