Looks like the same old cronies still on the Board. Meeting in NYC next week. Could
Someone post an update for us with a read out after the Board meets. Company desperately needs new leadership in a number of areas like field offices and claims, call center, and administrative operations area. Those areas are still a mess. Lots of low morale still among field staff and HR has turned a blind eye.
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Who is the person blaming Stephen Rich for the composition of the board? I'm pretty sure an "Independent Board" cannot be unilaterally fired by the one non-independent board member. If the person complaining was actually intelligent, he/she would know that and not make derogatory comments about someone and actually try to help. Instead, he/she wants yes men and women who will wink and nod and give him up-votes so that he feels special.
"HR works for the CEO, Not the board, Not the Employees. Please understand this once and for all"
Comment: "We now understand, yes, Mr. Meogi. Yes Danielson. Yes Danielson. Me know understand.
GTFO
HR works for the CEO, Not the board, Not the Employees. Please understand this once and for all.
What the corporation needs is a PR Firm that will plant 5 star reviews on Google, Indeed, Glassdoor, Yelp, and BBB. They need to revamp field sales. The 4 people overseeing field sales have been there forever and are clueless. Need nee leadership in Operations and especially in IT. Time to cut the fat and clean house.
The composition of the current Board of Directors is a disgrace and alarming. Average age over 75 and almost none of them have any experience with what it takes to run a large financial services firm in 2025. If Stephen Rich was actually intelligent, he would want people on the board with actual expertise in areas which could help turnaround the company. Instead, he wants yes men and women who will wink and nod and not be held accountable. The Board is accountable to no one. It is a breach of fiduciary oversight and this helped lead to the loss over over 250 jobs. These same Board members get paid $200K-$300K per year, issue no statements, issue no summary of minutes, don't meet with policyholders or employees. Don't meet with clients. Don't support including the company's audited financial statements in the annual report. What are they hiding ? Mutual of America needs an active Board who will drive accountability and change.