great article in Forbes, it stated that the CEO micromanaged, obsessed with numbers, middle managers are afraid to do their jobs, etc.......sounds familiar
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Fully funded pension. 100 billion is assets. Love it here.
When u say SF nepotism is alive and well, as evidenced by the rise of Tipsturds son, is that one of his illigitimate kids?
SF is already Sears. Put a fork in them they are done. All of changes have done nothing to improve company in fact it has made it worse. Board and president have no solutions.
I love all the changes. I enjoy the stress, lack of support, micro management, hipocracy, and the continued decline in customer satisfaction. Go Tipsturd !
Power corrupts. Too much unchecked changes, massive layoffs (agents r next by the way). SF is a dead man walking. All this cost cutting has not worked. We need a female CEO to truly progress.
The vitriol and virtue signaling on the board is hilarious. I’m 12 years in and like all of the changes I’ve experienced.
WITH ALL THIS NEPOTISM......WHAT HAPPENED TO HOR (Honesty, Ownership, Respect)
It's not what you know at SF it's who you know, or their dad plays golf with a TM or agent and the "word" gets passed on down that my boy needs to be promoted all the way to the top. I have seen that time and time again also.
I did have a TM feeling unqualified because I told her she was promoted because of her family not necessarily on her qualifications so that was kinda cool. Don't worry she did get her revenge on me.
Yeah all you need to do if you see a promotion that makes you go WHAT, is to look no further at who they are related to. Then it will explain why all the id–ts are at the top.
Sears at one time had the greatest distribution system via their catalogue and brick and mortar stores in every mall with many stores in small town usa. State Farm has a legacy distribution system via their agency force with 19000 agents in small town usa. Both were the respective giants in their area of business.
Then 1995 happened: the internet became fully commercialized.
Sears continued to believe it had the catalogue and the malls; but the internet was far more available and competitors like Amazon seized upon the new technology.
State farm continues to believe in the brick and mortar agency system....GEICO and PROGRESSIVE have fully embraced the internet.
Today, Sears is teetering on going out of business.
State Farm due to its size is a bit better positioned to survive but is declining ever so slowly. However, the two companies above are rapidly gaining. Some estimate it's all but a forgone conclusion State Farm will lose its #1 position in auto in the next two years.
Will State Farm go out of business? No. But it will not retain its #1 position due to a failure to adopt to the new business model.
So nice of them to try to reorganize into a cheap GEICO impersonation while pretending to be service oriented USAA. They sure kept nepotism for themselves while shedding everyone and everything else they thought was not providing any value.
They deserve to become the Sears, Montgomery Ward, Kodak, Blockbuster, Tower Records, Borders, etc. of the insurance industry. Pure garbage insurer and employer now!
As if nepotism isn't bad enough, groups of decision makers decided who to keep in analyst and other professional roles based on where the employees were located above all else, and then what they looked like on paper. This resulted in a lot of truly desperate bumbling employees being kept on while the superstars left with their middle fingers up in the air.
We don't need no water, let the m—er burn...
NEPOTISM is blatant, and it’s also very insulting to the competent hard-working employees who have no family relationships they are relying on to navigate this org. I remember when everyone was told you needed a college degree and insurance designations if you ever hoped to move up to TM. Meanwhile, at the same time, we see a relative of an exec move from starting out as a claim assistant, to claim associate level, to specialist level, to MG2 TM, and to MG3 TM all within 2 years max WITHOUT a degree nor any insurance designations. Everyone in management was acting like “they’re a real-go-getter!” and “we haven’t seen anyone like this before”. Bull-f—ing-sh–! Same sort of story with a person who moves from CS, to TM, to a friggin’ MG4 SM within a few years all before hitting 30 years old. There’s plenty more, not quite as flagrant, but these are a couple of the worst examples I can think of. The rules are for you, not for “them”.
Watch who they give and share data with. “Cloud” and how many foreign and American third parties playing together. I foSys is not al it seems.
Sorry but look around. Sons, daughters, in laws, girlfriends, and wives move up the chain. NEPOTISM is alive and well. Promotion is based on "Is he/she a 'player'" inclusion is non existent in their cult.
If the current CEO's son ever becomes the CEO then I wouldn't be surprised to see SF totally crash and burn. The dad is bad enough, but the kid that they are moving up the ladder right now is a pure id–t.
Geico is in their rear view mirror. Poetic justice
SF has forgotten numbers follow values not numbers create value. Sears no but lose its #1 spot yes.
Can answer this one pretty quickly - No.