Thread regarding State Farm Insurance layoffs

Oh wait but Ed Rust was so much better than “Tippy”. Who was at the helm when this was going down? Yep, Fast Eddie, and he cared as much about the customer then as he does now.

So everyone pineing for the old CEO need to open their eyes and see that greed and nepotism at the expense of the customer and common employee will ALWAYS be the name of the game.

Read the background. Judge Karmeier was going to be on the stand in the trial. That and the headlines with the company name right next to Racketeering was going to hurt the brand image of helping homeless puppies and saving shesheds. Great move to settle, and at a fraction of the cost. $250K v. potentially $8-10 beeeelyun. Might’ve cut into their naming rights funds - Dallas has something that needs a red logo, am I right? Even a broke watch gets it right twice a day.

Using QRP and CAPA parts isn’t the issue ... bribing a judge in such a systematic way is and makes you wonder what else they’ve done but not yet been caught at. People involved should face criminal charges. Very unethical.

@V2zFQO7-2top how did customers get screwed? By paying a fraction of a prior judgment that was not warranted in the first place? Don't be so naive to think these lawsuits are protecting the consumers. These are nothing but money grabs by the plaintiff bar. They way I see it, SF saved it's customers $750 million plus interest on a 20-year-old case. And believe it when I say not a single customer who had an aftermarket part put on their car in 1997 will see a dime of this money. And by the way, read your policy....it clearly states the company has the right to use OEM, AM and LKQ (used) in the repair of any insds car....

I used to believe SF was better than most companies and wanted to do right by its customers. While I cannot blame the company for makimg full use of its legal staff, it screwed its customers with this and I no longer believe ut does what it used to teach which was do right by the customer. I am saddened by that.

Really good outcome, given the original settlement amount of $1Billion, the amount of time passed, etc. By any objective standard, this is a win for State Farm. This is nothing more than our legal system at work.

To pay for this 250 million dollar settlement we employees have the opportunity to make a charitable donation with our select a gift. SF will make a 25 donation to one of several charities.

SF will get the tax write off for these donations, didn't SF find a novel way to pay for this settlement, with help from their employees even, by us forgoing our select gift. Clever SF, very clever.

Oy vey, it looks like the goyim know! It's time to shut it down!!!

Still criminal! The average guy would be mailed and ruined. Suits walk! Deep STATE!

*Pyrrhic victory...damn spell check.

The last poster is correct this is not from the original CAPA lawsuit but it is joined at the hip with it. It all stems from the CAPA case being overturned. That judgment with interest all these years later dwarfs this settlement. Businesses settle cases all the time because it is cheaper to settle than have an empiric victory.

This wasn't the original CAPA certified parts case, this was from us making illegal campaign contributions to get a favorable judge to overturn the CAPA case. Still a cheap end, but it just adds to the unethical behavior of our company. Can't blame this one on Tipsy, but he had to have ok'd the settlement. Think of how many employees salaries that money could have paid.

100 billion in reserves. Not even a drop on the bucket. Smart move by our leadership. Don't risk a trial and the negative press associated with it.

$250mm is not a large amount relative to the potential loss of up to $8b. Throw in what could have been found in discovery plus the bad publicity from a trial and you can see why the Farm wanted it over.

It wouldn't surprise me though if the Farm used it as an excuse to crack down more on its employees.