Thread regarding State Farm Insurance layoffs

CEO comp dropped nearly 28% in 2023

Just read Tippy’s overall compensation fell to $17.6M in 2023 compared to $24.4M in 2022

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| 1532 views | | 14 replies (last April 16, 2024) | Reply
Post ID: @OP+1rYt1je2

14 replies (most recent on top)

The cut wasnt enough for the many he hurt.

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Post ID: @6and+1rYt1je2

The Tipster, going out like a sad puppy. No Roman triumph for the bean counter after all

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Post ID: @5mfe+1rYt1je2

Don’t forget Tippy will have federal and IL state income taxes equating to almost 42%… so he could pay around $7.3M in taxes

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Post ID: @5dai+1rYt1je2

@3btw agree - imagine Michael makes same amount of money as any associate in State Farm….ahh

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Post ID: @3ulv+1rYt1je2

Fair game - if you can be good enough to be SF ceo, go for it - then you can be paid for it. Otherwise be happy where you are at.

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Post ID: @3btw+1rYt1je2

Awwww Poooorrrr babbbyyy

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Post ID: @2uur+1rYt1je2

Source: P&C Specialist April 10th edition, by Carl Winfield

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Post ID: @1mok+1rYt1je2

This proves I suffer just as you people do. Taking a 28% cut did not go over well on the home front. I now must figure out which expenses I can cut. Maintaining and insuring a fleet of luxury automobiles and a tricked out lake house is pricy. Sigh.

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Post ID: @1qkf+1rYt1je2

Such a servant leader. My thoughts are with him in this trying financial time.

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Post ID: @1zim+1rYt1je2

Source please?

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Post ID: @1ryv+1rYt1je2

Theres ethics right?

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Post ID: @coh+1rYt1je2

Poor guy, he really took one on the chin this year :(

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Post ID: @xrx+1rYt1je2

Which I don’t worry myself about. My day will not be changed by how much the CEO is paid.

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Post ID: @sqh+1rYt1je2

That's a damn shame

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Post ID: @nfl+1rYt1je2

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