So we get rid of this executive bean counting failure in a week so 5 months based on $14 billion a year underwriting losses over the last two years…..which will he about $5.8 billion so far for 2024. And they will compensate him how much for his bonus ? A complete failure…….wonder if robert yi will attend his exit party
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Remember....their internal policy decisions reflect directly on how productive and competitive they are nationally. They are no longer competitive because they view their employees as an expense and not an asset. Personel policy decisions have consequences.
SF operates like the Secret Service.
GO TEAMSTERS!
Things are changing in 2025. Leadership will no longer condescend the workers. They will appreciate the working class and need to be held accountable unlike the accountant POS.
One of the greatestthreats to liberty is the smug, sanctimonious bureaucrat who comes to believe his proper role is to be the master of the people and not servant. A legend is his own mind. Liberty is fought and paid for.
He might have all tha sh*t but without a soul nor a conscience he has zero. I prefer to be a minion with a soul and conscience.
@yxa. So true. Silence is forced on us. The hypocrisy of an advertised "learning organization."
@widi+1sFsXdBB Then it is obvious that the investigation was not conducted correctly, sufficiently, fairly. whatever role you play here, you should know, whatever really happened has been know by more people over time - it doesn't matter how much effort has been paid to cover what happened. There are good reasons for this site existing - because silence is sometimes forced on us.
I think he was speaking about executives not grunts. No one cares about you.
BS on retirement before 62. If one lives within their means it is very doable by old standards BUT not todays standards because of all the benefits they CUT!
There was. Nothing found. Keep in mind no executive “retires” or leaves “to pursue other opportunities” in their 50’s. The pension impact is too severe. Normal “early retirement” at that level ks 62-no pension impact. Beyond 62 is personal preference and/or board encouragement.
amazing to see how they are able to act in front of us, their families including their their spouses and their kids - I personally witnessed all.
@sbfl-sure. As a 12 year retired grunt you would know such things.
Can’t agree more- many great actors/actresses here, throwing big shows here and there!
Friendship is laughing 😂
@mnvr friends?? No pure friendship here- cheating, lying.We should only be sorry for their families.
Tipsord was 65, the age at which State Farm CEOs traditionally retire. And I doubt the Board would push out their own Chairman. Paul Smith was likely ready to retire. He was too close in age to Tipsord to have had a shot at succeeding him.
I could see Yi and Pettit being "encouraged" to retire.
Nobody on here has any credible “rumor” info about executive. He-l, they don’t know what’s happening on their own teams this week.
The rumor is Tipsord, Smith, Yi, Schmidt, Pettit and others didn’t have an option after billion $$$ losses…either retire or resign?
Amazing how Tipsturd made sure his favs were promoted before he left. Nothing is gonna change. The new leaders are all friends with him and were mentored by him. I mean one even lived at his house while her house was being remodeled. Sick really how they all are in cahoots with each other.
Agree with the poster talking about the agency. They need to totally overhaul that system. Most staff couldnt get a job in fast food and dont want to learn, which usually isnt an issue but far too many agents coasting to retirement, leaving untrained slow staff to run things, and it negatively impacts the customer massively. Just keep the decent ones as remote work.
LMAO. Its like water swirling down the toilet. Long overdue. Bee ridin too high for too long.
I expect it will be a wake up call to learn that you really aren’t that funny and clever and nobody really likes your personality or your company.
I heard the locks have been changed and he can’t just “stop by”. Not many sad that he is now needing to find a hobby
I think when the Stockholm syndrome fades people will recognize that we have been in a 10 year tear down. Not a good man.
@gfvq…..As if you have the slightest clue. I did a lot of jobs at State Farm for a very long time. Agency was by far the toughest. In agency, you can’t hide and ride on the backs of your peers. And EVERY tough situation lands on your desk. It can’t be passed down the road.
Its about time big changes happen in agency. They have been living way too high on the hog for way way way too long. Its long overdue the big agencies work for a living. Too many spoon fed from daddy way way to long and they need to get a taste of the operations world.
@focs. Ok, I get that Ed reminds you of better times. But he pretty much handpicked Tipsord and set us on this path. At his last Agency Convention, he flat out told us everything was about to change very quickly and we’d all have to decide whether State Farm was really for us. (And before some of you respond….no it wasn’t about a new agent contract, and that is about the ONLY thing that hasn’t changed since).
Ed came to corporate for founders day. Like a light returning highlighting the dark years are over.
People dont realize the CEO works at the behest of the board of directors, and did what they wanted so well they showered him with bonuses.
Im not saying i liked him or he was good, only that your silly to think the next CEO will be totally different, this is what our board wants out of the company. Theyll get a new guy to keep it on track, sure, but I doubt much else will change.
When the lights go on with today's generation, there will be a turn around. When they finally realize the kool aid they've been sold is sour, there will a change for the better. It will take some time but will always make its cycle.
I think it is kind of funny how MT and PS/other Execs are just kind of disappearing away....hard to have a parade when your last two years you lose $27.1 billion and left the organization in a complete mess. They are laughing all the way to the bank after basically stealing hundreds of millions of dollars from our customers and leaving SF worse than when they found it! They were just selling snake oil with the hubs, EOM, one size fits all approach....and ruining thousands of peoples life. They will not be missed but I fear since we just got another old fat white guy from Bloomington things will only get worse! Plus MT is still the chairman of the board, so basically still running SF!