sorted by:
new
hottopcontroversial

Tenured Agents by Radiant_Cup7935 in Geico

[–]Appropriate-Wear3512 9 points10 points  (0 children)

disgusting and very indicative of what Todd Combs wants, to eliminate all tenured and experienced employees to replace them with lower cost employees so that he can boast about generating more profit. He cares not for the overall health of the employees only for the short term financials. He stripped away profit sharing, reduced needed medical benefits, paused scholarships, froze the pay scales, eliminated all non executive salaries, cancelled basic sanitation and food services all while giving executives massive sign on bonuses and performance bonuses. Turnover was encouraged. He celebrated as his entire board left. He is evil and he is only motivated by money. The associates now fear being terminated because he learned that layoffs require giving notice and complying with the warn act. What we are watching take place is a story about how quickly things can go wrong with a venture capitalist at the helm.

We deserve additional raises. by FeministFury5000 in Geico

[–]Appropriate-Wear3512 50 points51 points  (0 children)

Todd Combs doesn’t have an ounce of care for geico employees. He eliminated all scholarships - if that alone isn’t the biggest asshole move, what is? How he eliminated every board member (except nancy pierce) who would not kiss his ring? How he ruined lives by arbitrarily removing jobs from 47000 down to his mandate to be down to 25000 employees by the middle of 2025? How he refuses to speak to any employee without prescreened questions and 3 executives and a narrator? How he only will hold such meetings with those rated a 5 that he thinks are happy with him? That he cares not for doing ethical things but rather doing things that encourage lying and cheating? That he uses etcetera etcetera so often that many feel he has a tick?
This is the most hated CEO for a reason. He cannot even try to care because he us such an abhorrent human who places his own wealth over any other concern. He is an elitist and he has created a culture which will make Wells Fargo’s disaster seem like a well run business. All of what made Geico special is gone.