U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-07-2007, 04:43 PM
 
251 posts, read 792,951 times
Reputation: 121

Advertisements

This has got to STOP!! They are making a fortune on us...While they raise our rates so much we can't afford our homes any longer they are swimming in our money! It is sickening!!

State Farm CEO Gets 82% Pay Raise
March 7, 2007

State Farm Insurance's chairman and CEO received an 82 percent raise after the company posted a record profit last year, a statement from the Bloomington-Ill.-based insurer said this week.

Chairman and Chief Executive Officer Ed Rust Jr. Got a $5.26 million raise. He earned $11.66 million in 2006 with a base salary of $1.77 million and results-based bonus of $9.89 million, the statement said. Rust made $6.4 million in 2005 and $5.5 million in 2004.

The absence of a major catastrophe helped the insurer generate a record $5.32 billion profit last year, compared to $3.24 billion in 2005 when Hurricane Katrina hit the Mississippi Gulf Coast, release said.
Reply With Quote Quick reply to this message

 
Old 03-07-2007, 04:59 PM
 
Location: Miami
6,853 posts, read 19,184,354 times
Reputation: 2895
This country is filled with some greedy people, that don't think about their neighbors in the process.
Reply With Quote Quick reply to this message
 
Old 03-07-2007, 05:07 PM
 
Location: Florida
540 posts, read 1,101,227 times
Reputation: 164
Quote:
Originally Posted by SunshineState View Post
This has got to STOP!! They are making a fortune on us...While they raise our rates so much we can't afford our homes any longer they are swimming in our money! It is sickening!!

State Farm CEO Gets 82% Pay Raise
March 7, 2007

State Farm Insurance's chairman and CEO received an 82 percent raise after the company posted a record profit last year, a statement from the Bloomington-Ill.-based insurer said this week.

Chairman and Chief Executive Officer Ed Rust Jr. Got a $5.26 million raise. He earned $11.66 million in 2006 with a base salary of $1.77 million and results-based bonus of $9.89 million, the statement said. Rust made $6.4 million in 2005 and $5.5 million in 2004.

The absence of a major catastrophe helped the insurer generate a record $5.32 billion profit last year, compared to $3.24 billion in 2005 when Hurricane Katrina hit the Mississippi Gulf Coast, release said.
They need to fall, and fast! If everyone reading this with the insurance, find another one, that will put a stop to that! That is outrageous, and still our reps in Washington look the other way(most of them). Perhaps some pockets are being lined?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top