Thread regarding Mutual of America Life layoffs

all i want to do is a zoom, zoom, zoom and a bo-m bo-m-shake your but

@vy couldn't survive you say ? even though rich, joe, and others will walk away with $2M DB benefit and $2M each in their 401k. Couldn't survive you say ?

@1eg are you suggesting Rich is related to someone on the board ? How much does each Board member get paid ? I heard $250K a year. Is this close ? How about special comp packages for the C-Suite ? Are those still actively funded ? Don’t forget, Steven was part of the Executive Committee for years and actively participated in meetings with GordonGecko Greed, uncleFestog, OldMcDonaldson, Mo--narity, Severncepacksge, IrishCreamBaily, markRoth, cromedomeJohnson, & JimNeighbors golly g sarge- to dismantle the company. He was in the room and present at creation. Rich is every much as tainted as all the others. After winning tons of Lipper Awards, Capital Management should have at least $15-$20B in Outside money that it actually manages. But, it only has roughly $200M in outside MOA. Disgraceful & such as poor track record. Maybe it is the lack of marketing but capital management has under performed for years. Sell it to make some money for the firm.

Let’s be clear….Rich had and has the board’s ears because of the money he married into…..they all butter each others breads and Rich used that when he needed to. Cap management is a drain on the company and when that was brought to light, those with the $$$ power did what they had to do. Bottom line and god speed to all hanging on for dear life. Good luck cowards

Rich/Joe say that Capital Management adds $20M to the coffers each year, but it’s nearly 40 employees plus admin overhead cost the firm $10M to start with. So, the bottom line add is about $10M out of total cost to run the firm around $250M. Cap Man has won awards—Lipper—Mormomstar—-but it has underperformed on the Institl side for decades. only gaining a couple hundred mil. blackrock, vanguard, and iran bring that in daily. like reagan whispered into an alleged hot mike, “the bom.bing begins in 5 mins” if blackrock went side by side w/aiden. red.mond, cap man would go back to the stonehenges.

@vk it’s exactly why they planned the coup d'état. It was their only way to survive and take care of themselves along with their white females they promote. Terrified of the alternative. Couldn’t survive in the real world.

The day after Rich goes, that jig is up

the firm could easily get $50-$60M for spinning off Capital Management. It’s the last remaining Crown Jewel. Once Artificial Intelligence takes over in 1-2 years, the asking price will drop to $15-$20M max. Strike while iron is hot and avoid another fire sale. Spinoff Cap Man now before its too late.

Nah No one is ever, Am I mean rarely ever, is held accountable in Capital Management. Rich loves Joe & a couple of the women fund managers up there & bad performance means more associates in that division will only get promoted and make more money+Time to spin that area of the company off+Think about it+It’s been around for like 25 yrs and only manages less then $200M in Inst. As.sets outside of MoA. Outside of a few Lipper Awards, it’s underperformed for years & not held to account. Whey back when Sev.erin used to have clients put $ in and then pull $ out and the pull $$ back in again to get a big bonus & a free trip.