Thread regarding Mutual of America Life layoffs

Stadium Suites to the Tune of $1M

Part of the lavish over the top Greed/Severin/Festog spending spree was client and prospect entertainment at NFL Stadium Suites. The company secured multi year deals for these suites in LA, Hotlanta, and Minneacrapolis. $1M inked on these suites and they literally been a huge bust with fewer plan sales and tons of clients. I have heard RVPs and GARs spend 10% of their time trying to fill seats and they scramble to have them filled. Many of those in attendance are Regional Office staff. What a complete and disastrous waste of corporate money. This $1M could have allowed for raises or hiring of more front line customer service people. However, this is what Greed and his goons (Di-kson, Ivan "Gomer Pyle" Gregory, and that clown Johnson wanted).

What ever happened to good ole fashion $50 client lunch with the CEO, CFO, or HR Director to shoot the beeeze and talk plan design for 2 hours. It is gone by the waste side and replaced with $12,500 per game stadium suites to entertain 12 clients and 5 regional office staff. What a waste. Stephen and the Board need to cut that schit out.

by
| 811 views | | 4 replies (last February 5, 2025) | Reply
Post ID: @OP+1wdkP1my

4 replies (most recent on top)

What's the over under on how many Super Bowl tickets the Firm has purchased in New Orleans this week ?

by
| | Reply
Post ID: @5mf+1wdkP1my

How much money will the Firm spend on Super Bowl tickets this year ?

by
| | Reply
Post ID: @474+1wdkP1my

No, they got rid of the Yankees/Mets season tickets bc they deemed them too expensive but the luxury boxes at the football was all Greed's and the EFVP's idea. And the post is correct. Most of the time, the suite was filled by employees and relatives because clients did not want to spend their weekends schmoozing with the like of Greed. Great big giant waste of money indeed.

by
| | Reply
Post ID: @1nmx+1wdkP1my

Does the Company still have season tickets (expensive ones!) to Mets, Yankees, Rangers, and Knicks? If so another corporate waste which could have been better spent on retaining employees.

by
| | Reply
Post ID: @vnc+1wdkP1my

Post a reply

: