If it’s announced next year that 2023 was another loss for the company, there is no possibility that Wayne keeps his job, right!?!
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Well, it beats me too. Apparently Tipsord of State Farm even got a raise amidst record losses too. There isn’t any justice in this country anymore. CEOs just keeps fattening their pockets while we the employees pay the price (and shareholders).
If company doesn't make money. A good CEO would forsake his entire Annual salary and bonus until it becomes profitable.
Is there a successor lined up? If not, it will take a while.
Come on people, the answer is sooooo obvious! If we have another losing year, Wayne will get a 158% raise! Morale is so overrated... /s
Probably going to be losses for awhile. I don’t know we get beyond the high replacement costs insurance needs to pay out. Everything is so damn expensive plus it seems like we are having way more disasters these days. It is too hard to increase premiums to keep up with it. Layoffs will make up for some eventually but this is going to be a nightmare for awhile. Leadership was not prepared for this.
Wayne is a thief in CEOs clothing. He has completely mismanaged the company to enrich himself and his crackpot team of failed executives at the expense of our members and employees. Wayne’s business model of high insurance rates, low deposit amount interest rates, and laying off employees 72 months or less before they would qualify for early retirement might look good on paper in the short term, but it isn’t sustainable. Members are leaving to find rates that are actually competitive and as that money leaves, Wayne is heading us towards the second loss in USAAs history… and the board is complacent in the matter. The question is why?
#FireWayne
#F-kWayne
We can only hope.
Wayne will be retiring soon enough. Once his retirement house is finished being built, he’s out of here. unfortunately, the company’s problems won’t end with his departure. The BOD runs the show.
Yeah if this year is bad, there is NO WAY wp is running the ship anymore and i think you willl see an exodus employees in march!!
It defies all logic that Wayne kept his job this long. Nothing makes sense anymore. The company has essentially its first loss ever in its centennial year, products and services have literally zero competitiveness, employee morale is in the toilet, members are leaving in droves, the CEO breaks the company core values by hiring and reneging on promises — the list goes on. And in the midst of this unmitigated disaster, the CEO leading it all gets a 157% raise.
Wayne must either have a rock solid contract or some Epstein-level dirt on the BoD. It's the only thing I can think of that would explain how this dumpster fire of a leader is still collecting member's money in the form of his paycheck.