Thread regarding Mutual of America Life layoffs

@1wc haha. I see what you did there.

@OP Rich only went to Princeton ? No wonder we are failing. Another sl--eball from NJ or yardley PA running the company. If we had a Yale grad running things we’d be in much better shape.

@dk get off your knees and take richyrich's sinep (reverse it) out of your mouth.

Ffffffffffuuuuuuuucccccccccckkkkkkkkyyyyyyyyyyooooooouuuuuuuuuuu

The ship is sinking no matter who is at the helm. Drip Drip what else is left.

@g3

HUH???

Obviously that was a typo, you can't figure that out.

Reason for BIO? Read the post is it very clear what the reason is.

As usual you are wrong and nonsensical due to your hate from your own failures.

@g2

LMAO.

KPMG Were the Auditors in the time period of the questioned facts.

Wake up!

@dm I thought KPMG was fired ? You are stating that KPMG is actually validating and verifying the actual “active” participant count numbers or allowing the company to decide who is an “active” participant ?

@bw

Quote:

"ma’am posts"

HAHAHA--What in the world does that mean!!! LOL.

@bw

Quote:
"Has anyone independently audited their participant counts ?"

??? Mutual of America is audited by KMPG LLC.

@bw

So funny.

You are just a hater and will be negative on everything.

It takes time to recover. First step is to cut cost and become profitable, then expansion follows. MOA is on the right path.

Secondly, it was stated before MOA may be planning to be sold, so if they become profitable it will become more appealing.

Why is everyone blaming Rich, he didn't cause the problem Greed and Festog did.

So you believe you are smarter than Rick. Below is some of his bio before MOA.

From 1991 to 1999, he was Vice President at JP Morgan Investment Management, having roles in the Large Cap Structured Equity and the Small Cap Active Management groups. From 1999 to 2001, he served as Director, Senior Portfolio Manager, at Citigroup Asset Management. In 2001, Mr. Rich rejoined JP Morgan Investment Management as Vice President, Senior Portfolio Manager, responsible for the Active Small Cap Value Group, until he joined Capital Management in 2004.Mr. Rich is a graduate of Princeton University and has an MBA from New York University’s Stern School of Business. Mr. Rich has served on the Board of Trustees of the Randall’s Island Park Alliance (RIPA).

@bw

So funny.

You are just a hater and will be negative on everything.

It takes time to recover. First step is to cut cost and become profitable, then expansion follows. MOA is on the right path.

Secondly, it was stated before MOA may be planning to be sold, so if they become profitable it will become more appealing.

Why is everyone blaming Rich, he didn't cause the problem Greed and Festog did.

So you believe you are smarter than Rick. Below is some of his bio before MOA.

From 1991 to 1999, he was Vice President at JP Morgan Investment Management, having roles in the Large Cap Structured Equity and the Small Cap Active Management groups. From 1999 to 2001, he served as Director, Senior Portfolio Manager, at Citigroup Asset Management. In 2001, Mr. Rich rejoined JP Morgan Investment Management as Vice President, Senior Portfolio Manager, responsible for the Active Small Cap Value Group, until he joined Capital Management in 2004.Mr. Rich is a graduate of

@bg
Fake news! LMAO.

Everything is reference to the source.

What fake news specifically are you referring to.

@a9 you will also notice in the “Just the Facts” ma’am posts, that they don’t truly address the actual comments posted by others. Instead, they make their own posts, dodging the actual posts and facts by the other commentators.

Has anyone independently audited their participant counts ? How are they defining active employees ? There is only less than $1B in individual accounts. Less than 50,000 & it will become less as more and more is moved over to Matrix. It’s no longer on MoA’a platform any longer so the firm can’t counts those outside accounts at Matrix as their own. Can’t have your cake and eat it too. I’d like to see two independent audit firms audit the firm’s claims.

Bottom line is the company can cut costs but they find it nearly impossible to raise revenue. You can not cut your way to profitability. You must find raise to raise substantial revenue.

The c-Suite never has an answer for it. They dodge and can’t address it because they have no answer for it.

@OP why did you only print & cherry pick the most favorable fake news. I challenge the company to post the FULL & COMPLETE analysts reports. All 15 pages of the sobering news & not one page snippets posted by Malarki, Rich, or people in team Sucx or Admin Ops Comms

@a9

It's not anything that was written, is FACTS!!

So funny. If your an employee quit,if not why do you care.

Secondly, that is a what a reorganization is, it takes a while to recover and heal.

Even with the facts you are still angry. LMAO.

Mutual will recover in time. The reputation you are talking about is the concern with the employees that are unhappy.

As i said, FACTS ARE FACTS, they are going in the right direction. Even the rating agencies are raising their outlook.

Look for a profit this current year.

@OP Anything can be written to make the company appear to be out of the weeds or trending in the right direction. Yet what is NOT taken into account is the reputation! This is something will never be undone by the leadership at MofA or the past ten years of leadership. This will never be the company it was.