Not my post but here is an opinion…
Todd Combs has ruined what was once spectacular.
Here’s his resume at GEICO
Took away profit sharing
- Eliminated nearly 50% of the associates ~48700 down to ~27000
- Took away good healthcare to horrible healthcare
- Eliminated all board members except N Pierce
- Doubled executive pay for his external hires mostly Capital one plus the far left activist group including the former WH spokesman and Boeing Max mouthpiece
- Provided an average 1% raise for employees while top executives received an average of 100% plus deferred bonuses
- Took away all college scholarships for the now less than 27000 employees and their children
- Eliminated sales bonus and Holiday gathering monies. Removed utensils from all lunch areas.
- Mandated coaching app / memos and the elimination of the bottom 10% of performers
- Hides from everyone and only emails about layoffs or lack of transparency while remaining hidden
- Eliminated the code of conduct and the directive to operate with uncompromising integrity