Nationwide CEO to Get $24 Million in ...

Nationwide CEO to Get $24 Million in $25 Billion Customer-Funded Takeover

There are 7 comments on the Bloomberg story from Nov 26, 2008, titled Nationwide CEO to Get $24 Million in $25 Billion Customer-Funded Takeover. In it, Bloomberg reports that:

William ``Jerry'' Jurgensen , chief executive officer of Nationwide Mutual Insurance Co., is in line for a $23.5 million payout when his firm buys out shareholders of its retirement-savings subsidiary.

Join the discussion below, or Read more at Bloomberg.

On Your Side

Columbus, OH

#1 Dec 3, 2008
two homes in columbus worth 3 million each, a home in arizona, a personal jet painted and equipped to his specifications and now 24 million dollars from stock options, but the man will walk through a lobby full of Nationwide employees and not acknowledge any of the MANY employees that have made him rich

Philadelphia, PA

#2 Feb 5, 2009
I am sure he is a very smart man. How many years has nhe been with the company ? Was he ever in Banking ? Have clients had their rates lowered ?

Columbus, OH

#3 Feb 19, 2009
I work at Nationwide and just got an email from Good ol' Jerry talking about how bonuses and raises will be slim to none this year. At least from my office window I can see the 10,000 sq ft penthouse condo he just bought with my raise.

Las Vegas, NV

#4 Feb 19, 2009
I am a Nationwide agent and I can tell you that this company does nothing to take care of it's agents. I have been in the industry for many nears and have never been treated with such little regard. Nationwide executives ignore the most fundamental rule- happy agents/employees=happy customers. I can assure you, a majority of Nationwide's agents are disgruntled. The company participates in shady practices that get swept under the rug every day. If the way their agents were treated were to get out to the public... let's just say they would have a lot less policy holders.
New York Bill

Elizabeth, NJ

#5 Feb 23, 2009
All CEOs should be investigated. Employees are being off at alarming rates while their greed remains unprecedented. Regulation!Regulation!Regulati on
Ex employee

Arlington, TX

#6 Mar 25, 2009
God save NW. When Jerry came in, he brought in his team which is single handedly responsible for multiple project failures in IT and then they outsourced jobs laying off hundreds.
A Perspective

Oscoda, MI

#7 Mar 25, 2009
New York Bill wrote:
All CEOs should be investigated. Employees are being off at alarming rates while their greed remains unprecedented. Regulation!Regulation!Regulati on
AGREED! While CEO's are throwing employees to the streets, dumping pensions, complaining about burdening healthcare costs, there is certainly PLENTY of money to go around for the CEO's pension fund, salaries, and golden parachutes. An overabundance!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Nationwide Financial Services Discussions

Title Updated Last By Comments
News Homeowners lose Katrina insurance flood case (Aug '06) Dec '16 American Independent 13
News Nationwide Insurance announces job cuts (Jan '08) Sep '11 eavesdroppers 42
News Nationwide proposes different 401(k) plan | The... (Nov '10) Dec '10 OldMan 5
News Nationwide CEO out in shake-up | The Columbus D... (Oct '10) Oct '10 Ramsay 14
News A.M. Best Assigns Ratings to Crestbrook Insuran... (Dec '09) Dec '09 Financial Services 3
News Several executives change offices at Nationwide... (Oct '09) Oct '09 Bill 3
News Nationwide search is on for missing Parma Heigh... (Feb '08) Oct '09 Samantha 8