The Phoenix Companies Inc.'s Troubles Worsen

The Phoenix Companies Inc. is waging a fight for its life, trying to reinvent itself amid a barrage of bad news that could signal a downward spiral or, at best, a painful and slow recovery. Full Story
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Jim

AOL

#1 Mar 11, 2009
Wow, first Fonderella looted the company then he hands it off to a complete empty suit/emperor has no cloths like Dona Young. This lady has no shame. She is inept. She destroys a 160 year old company.
Think about it

Windsor Locks, CT

#2 Mar 11, 2009
Yet Donna is still optomistic!!! I bet the people at the asset management company are happy!
Ex Phoenix

East Montpelier, VT

#3 Mar 11, 2009
A classic example of corporate greed, Fiondella and company raiding the companies piggy bank. Then, Donna Young telling everyone that the $$ paid to them didn't have any effect on the bottom line...
Then Donna takes control of a company that is her very first job and uses what she learned from Fiondella to line her pocketbook.
All at the expense of the empolyees, customers and stock holders.... even if the company fails Donna walks away with over $20 million !!!
THIS IS WHAT IS KILLING AMERICA PEOPLE!!
Kenny

AOL

#4 Mar 11, 2009
The market cap. of Phoenix stock is not enough to pay off Dona's Golden Parachutt. Good luck trying to sell new finacial products in this market, put a fork in the Phoenix. Mayor Perez aleady is looking at the boat building as a new city hall. A man is coming to put in Granite counters this week.
CMFIC

Bristol, CT

#5 Mar 11, 2009
Show the tape
Cranky

New Hartford, CT

#6 Mar 11, 2009
See ya! Survival of the fittest...now seize the personal assets of the pigs that looted the company.
LeanEvent

Barre, MA

#7 Mar 11, 2009
Think about it wrote:
Yet Donna is still optomistic!!! I bet the people at the asset management company are happy!
Asset mgmt is probably happy to be seperated from the nuthouse but they likely have their own issues. Stock is down big from IPO.
Sean

Plymouth, MN

#9 Mar 11, 2009
I bet Travelers buys them within 30 days. When Metlife bought TL&A, 1/2 of the folks went elsewhere, most to TPC. With Phoenix, Travelers would become a full-line company again. They'd even like the boat building's location.
JOHN J SULLIVAN

United States

#10 Mar 11, 2009
Another case of an established insurance company losing its way Remember when Hartford was the "Insuurance Capitol of the world..
renaldo

Storrs Mansfield, CT

#12 Mar 11, 2009
The Phoenix has been a Hartford icon for over a century, and it would be sad to see the company fail...they are a home based compay
amazing

Windsor, CT

#13 Mar 11, 2009
renaldo wrote:
The Phoenix has been a Hartford icon for over a century, and it would be sad to see the company fail...they are a home based compay
So were most of the manufacturing companies and It jobs.Now most are in mexico ,china and india.Whats one more company gone.
Bailey

Glastonbury, CT

#14 Mar 11, 2009
Sean wrote:
I bet Travelers buys them within 30 days. When Metlife bought TL&A, 1/2 of the folks went elsewhere, most to TPC. With Phoenix, Travelers would become a full-line company again. They'd even like the boat building's location.
Wishful Thinking! Why would Travelers want to be saddled with that mess?

If they wanted to become a full-line insurance company again, I am sure they could find one in better condition. If they really wanted the “Boat Building” they could buy it.
Waldo 313

Marietta, GA

#15 Mar 11, 2009
Dona is going to do what her predecessor did. She's going to stuff a bag full of money and "cut and run".
Karesh Patel

Willimantic, CT

#16 Mar 11, 2009
Phoenix has become such a rathole that the H1B IT workers don't even like it. You dumb yankees ruin everything.
Think about it

Windsor Locks, CT

#17 Mar 12, 2009
LeanEvent wrote:
<quoted text>
Asset mgmt is probably happy to be seperated from the nuthouse but they likely have their own issues. Stock is down big from IPO.
Uh, what financial company isn't down huge in the past two years? VRTS Market Cap is bigger than PNX!
An Independent Voice

East Hampton, CT

#18 Mar 12, 2009
Karesh Patel wrote:
Phoenix has become such a rathole that the H1B IT workers don't even like it. You dumb yankees ruin everything.
Ouch! But its the truth.
I worked for the Phoenix as an IT contractor when the economy was doing well, and at that time it was like a ghost town. They had a skeleton crew in there IT department. Now, they laying off more workers? There wasn't much left of them to begin with.

Dona Young is clueless but so are her direct reports. These people could screw up a wet dream!
Michael Delin

United States

#19 Mar 12, 2009
I guess one quarter of 1,100 employees potentially subject to layoff does not qualify for the Obama stimulus package. Too bad some of the misspent pork cannot be used to energize Phoenix.
Laura

Plainville, CT

#20 Mar 12, 2009
Mrs. Young is too busy appearing in the Java column and collecting her United Way awards to worry about details like saving her company, or the livelihoods of its employees or the savings of its investors. The directors are either clueless or negligent. Either way, one hopes they have a big D&O policy.

To see this management lining its pockets while a great Connecticut brand name goes up in smoke is really galling. And, believe me, this is one phoenix that will not rise from its ashes.
Andy

AOL

#21 Mar 12, 2009
Dona's husband looks like a nerd and her kids are average. She looks like a Susan Lucci Knock off.
Chum for the lawyersharks

New Haven, CT

#22 Mar 12, 2009
renaldo wrote:
The Phoenix has been a Hartford icon for over a century, and it would be sad to see the company fail...they are a home based compay
A home based company that's outsourced many of their jobs out of the country. Fat lot of good it did those "patriots"!

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