I am not an employee, I am just curious. Did G.J. Mecherle family lost control of state farm?
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Going back three decades, I had always heard that Mecherle #2 was too fond of the bottle, and Rust #1 was the lawyer who stepped in. Probably for the best, if we simply look at where the Rusts took State Farm.
This is where the problems began. Who were the Rusts, what was their background? The Mecherles were treated in a certain way and it was not good. Tips and Eddie have somethings in common that GJ shares with neither.
If it survives that long. I believe it will go public.
Adlai Rust was a lawyer and Mecherles right hand man. Need I say more? Lawyer.
Pension plan is fine
Any update on Pension changes coming?
State Farm a mutual company owned by its policyholders. As for the CEO position it passed through two generations of Mecherles, three generations of Rusts, and I would bet there will be multiple generations of Tipsords at the top.