This is so far, only speculating, but I don't understand all of the layoffs and budget cuts and reorganizations AND yet in March, headlines read that USAA headquarters in SA was undergoing a $39 million renovation. Then in April, that $39 million turned to $150 million. Please, someone, just be transparent.
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Personally I think we are preparing to demutualize and go public. We are hiring a majority of execs from Chubb. Drive for modernization. Insane sales targets. Quarterly business reviews at a manager level (change in mindset), major cost cutting efforts. Layoffs. Planned attrition. Cancelled pipelines. Expanding eligibility. Seems like we are moving in that direction.
Have to get the building up to code before we can sell it.