Have you ever, ever, in your lifetime, seen so many buyouts of brokerage firms, reinsurance companies, affiliations and all for benefit of stockholders and board of directors?
Where will it all end? Will it end? when will the Feds investigate.
Yo, stumped…What about the people in the states that pay high premiums for insurance coverages, which are being constantly reduced, policies becoming sterile, and insurance companies offering fewer lines of insurance. What happened to the good days when the good of the policyholders mattered? Corporate greed is running rampant, in my opinion. Sooner or later, the insurance buying public will not be allowed to choose companies, insurance coverage (if any) will come from the state, and what coverages they might be able to buy, while corporate boards profit and send their profits offshore, will be adequate….adequate. Wake up and smell the Bermuda breezes.
Personally, Bob, I believe in the good ole days as taking care of the customers that help me build my business, continue to grow with my business, and I don’t think it is ethical to per se, “take the profits and run”, especially since Bermuda is so close to the US. Maybe more corporations should concentrate on their loyal clientele and not on their 1400% offshore, tax free profits.
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Have you ever, ever, in your lifetime, seen so many buyouts of brokerage firms, reinsurance companies, affiliations and all for benefit of stockholders and board of directors?
Where will it all end? Will it end? when will the Feds investigate.
I don’t get it – I thought the reason businesses exist was “for the benefit of stockholders and board of directors”.
Yo, stumped…What about the people in the states that pay high premiums for insurance coverages, which are being constantly reduced, policies becoming sterile, and insurance companies offering fewer lines of insurance. What happened to the good days when the good of the policyholders mattered? Corporate greed is running rampant, in my opinion. Sooner or later, the insurance buying public will not be allowed to choose companies, insurance coverage (if any) will come from the state, and what coverages they might be able to buy, while corporate boards profit and send their profits offshore, will be adequate….adequate. Wake up and smell the Bermuda breezes.
Cliff forgets that when one owns property it is his to do with as he pleases, including selling it.
The “good ole days” when good old boys decided most things are gone…..ask the Greenburgs.
Personally, Bob, I believe in the good ole days as taking care of the customers that help me build my business, continue to grow with my business, and I don’t think it is ethical to per se, “take the profits and run”, especially since Bermuda is so close to the US. Maybe more corporations should concentrate on their loyal clientele and not on their 1400% offshore, tax free profits.
Good Luck to Wachovia in dealing with the Palmer & Cay Way!
Cliff McKelvy’s employment terminated by employer April 10, 2008 for speaking out, in my opinion.
What ever happened to them? Are they under the Wachovia umbrella still?