A lot of good people will leave tomorrow. Most of them I’ve known longer then my own kids. I wish them the best in retirement or in seeking a new job. Thank you for the memories
16 replies (most recent on top)
Sorry but the facts are WE ARE OWN BY THE POLICYHOLDERS, ITS Obivous we truly aren’t a Mutual Company. If we were they wouldn’t have blasted policyholders with back to back rate increases and approaching a AOP over 10% two years in a row. Been here a long time thanks god Im heading out. This is a true example of leadership at its worst reminds me of TRUMP. Get ready for the big Flush I wonder who is going to be the fall guy. I imagine a lot of VP’s going to take it hard. Thought they were doing the right thing listening to consultants. The Brand Damage that has occurred mayn’t be recoverable. Good Luck to everyone get your house in order.
Hope they dont send the annual notice with 5 billion in profit and 1.5 via investments, My policyholders have had enough of this side show. Time for a leadership turnover. I’m sure they will hide the profit with the Carolina hurricane California fires and Florida hurricane. We all know the deal.
Wait til the market turns 40%, then if the fall off of 100’s of thousand auto continues to walk out the door. Let see how you feel.
Just signed up with lemonade saved 62%.
Amazon just on horizon launching there direct insurance Que. Better have some reserves put away. Employee and agents are already turning. Associates like you will always say if wasn’t me.
Even if profitable, this company is far from being well run. Have you ever made a claim? Tried to reach a real person in HR? Had a great idea only to have your manager take credit? Been micro-managed? Assessed points? Want to develop yourself professionally or asked for training and been told no? Profit is only one piece of a well run company. Money is something but not everything.
Where are you getting the figures?
Sorry, but u do not have the facts. We are profitable- highly profitable.... think 5B in operating profit then add 1.5B via investments. This company is finally being well run. They will call me a troll —- not the case. I am just someone who actually reads our financials, expand my skills to remain employed, and know we need to make these changes to remain a top company
“Tipsord has increased our portfolio to 100 billion dollars. He deserves a huge bonus. How many other CEO' preside over a 100 billion dollar company. Keep up the great work.“
And how integral was he for that? There is a long list of Fortune 50 CEOs who have been canned.
@3azw - So you are giving Tipsord credit for the increase in net worth generated by a favorable eauities market, corporate tax cuts, and the work of our Investments department. OK. Then to be fair you also have to blame him for the declines in Auto PIF, terrible underwriting results, and plummeting employee morale. And he's prepping his son to take over in six years. Cute.
Tipsord has increased our portfolio to 100 billion dollars. He deserves a huge bonus. How many other CEO' preside over a 100 billion dollar company. Keep up the great work.
You got that right, Good LEADERSHIP are good communicators and listen, I also have a family member that works at Ford and he said the samething about the prior senior leadership team.
They better get down in the trenches and listen, everyone knows our business model is changing with technology and self driving cars, but listen and communicate honestly that you care, more people would be on board now than everyone jumping ship.
I hope there are NO leadership bonuses plan for this year. They probably need to return $$$$!!!! What a diaster
What is the Future State, anyway???
@mth - As long as the board members get their scratch they will let Tipsord do anything. And it's not as though board members were chosen for their fierce streak of independence. Tipsord is incredibly fortunate that the Investments department generates results that cover for his executive malpractice.
The Future State sounds like a bad science fiction movie. I still don't understand what the hell it means.
“Time for customers to lay off State Farm”
You haven’t been paying attention much,have you? Three years in a row of PIF loss in auto. Never happened,ever. The board meetings must be interesting, if any have any stones. But hey our net worth is growing with less customers.
Time for customers to lay off State Farm.
The Future State is here. I’m laid off.....