Only one thing is certain. USAA will never be a publicly traded company.
6 replies (most recent on top)
Execs would enrich themselves in IPO. But maybe Wayne would be held accountable sooner to shareholders.
Also there's more compliance in a public company. USAA struggles as is.
HeII no. You don't want Blackrock, Vanguard, etc. on our board implementing even more D.I.E buIIśhít. Bad enough Zortman ignores the employees - those soulless financial firms want money over employee/member care. You think Wayne made too much? The new CEO would get $25M minimum. Our already deteriorating benefits would further erode. Low T males, start your down vote!
Whether you love or hate USAA, or believe senior leadership is or isn't doing the right thing today, it is undeniable that going public would be the death of any possibility of being Mission driven.
That’s a silly question to ask. Look up the usaa wiki and see how the company is structured.
Lol with the members-are-owners model intact? I doubt it.