He retired after a long and very successful career in the insurance industry.
I’m sure he wants to focus on his charity work, and his family.
11 replies (most recent on top)
Glen was hired to eventually become CEO…
TG is bo----g and so did he..
Take a look at the stock
Price today Jethro…
No doubt fired. Embarrassing performance that could have been avoided on many fronts. We do not know how to profitably grow company. Shapiro and his Liberty leaders have been huge disappointment.
The OP is correct he "quit" just like Matt Nagy "quit" being an NFL head coach last season.
Who are you to tell me what to quit saying?
The next earnings call will see Wilson bail on his guy Glenn. It is always someone else's fault, but responsibility ultimately rests with Chair/CEO.
Fired not retired. If you need more proof of how he blew up the claim department, delayed indicated rate increases due to inflation, and continued to aggressively pursue new auto business, simply review the 3rd Quarter earnings this evening. Stock down 10% and $14/share, as the house Glenn was building collapsed. BI reserves from prior years strengthened by $640 million in this quarter alone, reflecting the arrogance and inexperience of Shapiro, Brandt, and Bendtsen. External environment is difficult, but these leaders have consistently pulled the wrong levers to manage. This is probably a kitchen sink quarter for Rizzo to record as much damage as possible, and rebuild from here.
A billion here, a billion there...
...pretty soon you're talking "real money".
Hahaha. So naive or trollish. Glenn was a trickster and he tricked us all. He took the money and ran. He did not “retire” hahahaha. He is too greedy to retire. He will show up at another company or start up soon. He was politely asked to “go” before Tom gets the no confidence vote from the board.
So you can only retire when there is a quarterly profit? Another conspiracy whack a doodle.
Exactly!
It's entirely coincidental that his desire to spend more time with his family followed a $1billion quarterly loss!