Phoenix Companies Remain Healthy

Phoenix Companies Remain Healthy

There are 5 comments on the Hartford Courant story from Mar 14, 2009, titled Phoenix Companies Remain Healthy. In it, Hartford Courant reports that:

I feel compelled to respond to the March 11 story on Phoenix [Page 1, "Phoenix's Woes Deepen"], which could leave a reader with the impression that headwinds are too strong for our company to overcome.

Join the discussion below, or Read more at Hartford Courant.

Jim

AOL

#1 Mar 15, 2009
Dona, the headwinds are too strong and you are an empty suit who has looted the company while destroying it. The market Capitalization of Phoenix is about $55million. That figure says you have destroyed Phoenix. Talk about complete Hubris. You have no shame because you are inept and consumed by greed.
Laura

South Windsor, CT

#2 Mar 15, 2009
Mrs. Young,
You write: "Our priorities are simple: Preserve value for shareholders...."

It is the correct priority. However, under the leadership of your predecessor and you,$17.50/share of value has become $0.35/share of value. You and the Board you have assembled have demonstrated incompetence - extraordinary in both its level and its longevity - to accomplish this core business objective. Nevertheless, you continue to draw a package of compensation and benefits that is completely unjustifiable in light of your achievements.

Ma'am, with all due respect, you should leave the letter-writing to others and spend all your time, every minute, working the phones and looking for some white knight out there who will save your employees and investors from your abject failure as a CEO.
Jim

AOL

#3 Mar 15, 2009
Laura wrote:
Mrs. Young,
You write: "Our priorities are simple: Preserve value for shareholders...."
It is the correct priority. However, under the leadership of your predecessor and you,$17.50/share of value has become $0.35/share of value. You and the Board you have assembled have demonstrated incompetence - extraordinary in both its level and its longevity - to accomplish this core business objective. Nevertheless, you continue to draw a package of compensation and benefits that is completely unjustifiable in light of your achievements.
Ma'am, with all due respect, you should leave the letter-writing to others and spend all your time, every minute, working the phones and looking for some white knight out there who will save your employees and investors from your abject failure as a CEO.
Laura, great post. Yeah, how do you preserve shareholder value when you have already destroyed it. A company for 148 years, DY manages to destroy. I love how she mentions "The metrics are strong." That's the sure sign she is clueless. Managing by metrics.
out of the boat building

United States

#4 Mar 15, 2009
Maybe if the Phoenix would treat its employees decently it would be a successful company. Treat your people like dirt and you fail as a company.
Catholic Observer

South Hadley, MA

#5 Mar 20, 2009
Funny you say "leave the letter writing to others." Ya think she wrote that?!!! The leadership is so bad that a staff of writers crafts the corporate strategy. It's PR, nothing more and nothing less.

Glad I don't have any eggs in that basekt.
Laura wrote:
Mrs. Young,
You write: "Our priorities are simple: Preserve value for shareholders...."
It is the correct priority. However, under the leadership of your predecessor and you,$17.50/share of value has become $0.35/share of value. You and the Board you have assembled have demonstrated incompetence - extraordinary in both its level and its longevity - to accomplish this core business objective. Nevertheless, you continue to draw a package of compensation and benefits that is completely unjustifiable in light of your achievements.
Ma'am, with all due respect, you should leave the letter-writing to others and spend all your time, every minute, working the phones and looking for some white knight out there who will save your employees and investors from your abject failure as a CEO.

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.

Phoenix Companies Discussions

Title Updated Last By Comments
News What To Do When Life Or Health Insurance Compan... (Apr '09) Apr '09 Wait 34
News The Phoenix Companies Inc.'s Troubles Worsen (Mar '09) Mar '09 Reply 2 _Karesh P... 22
News Phoenix's CEO Stepping Down As Insurer Battles ... (Mar '09) Mar '09 Get real 35
News CEO Words Don't Provide Comfort (Mar '09) Mar '09 Ernest Rankin 3
News State Farm Suspends Sales Of Phoenix Cos. Products (Mar '09) Mar '09 Indiana 21
News Good Move, NU (Sep '08) Sep '08 Bob Cobb 3
News Phoenix, Shareholder Settle Board Of Directors ... (Apr '08) Apr '08 KRT 2
More from around the web