@2t0 in all my years at mutual, the director of comp & hr director have never sat down w/us to listen to us. never got to know us. what makes us tick. never said, "hey bob, how are you doing ? thanks for your dedication. do you need anything ? any suggestions where hr or the company can do better ?" Like go on a listening tour to all the locations. She never travels outside of NY. Before I retired, I was always on the road and I was making maybe $125k w/incentive company. i am sure the director of hr makes like $600,000 & snyder is a SVP must be making $250k. they are nearly invisible. can't imagine they do anything to retain clients. Certiainly have done little to retain American employees. I guess India is more valuable then any of us.
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Add Favors and Scheider to that list too.
I generally don’t hate anyone, but Chris Festog is an irredeemable, egomaniacal, creep who actually thinks he’s a beloved old sage. I wish him nothing but pain.
Sorry, but someone needs to go to Colorado and take that a--hole out.
@1q9 festog, greed, the board, severin, bailey, moorinarity, donaldson, and rich, all made collassel mistakes. Outside consultants originally told them that they couldn't and shouldn't move to a legacy platform at FIS to save $8M per year. But they didn't listen. If the COBOL engineers were near retirement again, hire more and pay them top dollar and then build a state of the art system over 6-7 years w/o rushing it. However, that didn't happen and Mutual of America is going the way of Montgomery Wards, Sears, JC Penny, TWA, Eastern Airlines and the best one of all: The TRUMP Shuttle.
Hey Chris, not sure if you ever visit this site, but in the event that you do, I'd like to ask you how it feels to so widely hated by the people who actually worked with you?
Perhaps it doesn't matter much. After all, despite the damage you did at Mutual, you walked away with millions in compensation, long-term incentive payouts, and what is likely a very generous exit package. Financially, you came out just fine. Better than many of the people who were laid off.
Now, seeing that your book on the market, it's clear you still see yourself as a great leader. I'm sure inner circle of sycophants will continue to admire you. But for many of the hundreds of employees who experienced your leadership firsthand, the reality is very different: the bullying, arrogance, elitism, and a management style that left people demoralized rather than inspired.
Sure, you'll say that we simply don't understand the complexities of running a financial services company. Perhaps there were problems you inherited. But you led the organization for more than a decade. That's more than enough time to leave your own mark.
Instead, year after year the company's financial performance disappointed, while you and the other senior executives continued to receive substantial bonuses. Many employees paid the price through layoffs, heavier workloads, and declining morale, while leadership was richly rewarded.
History has a way of sorting these things out. Titles disappear. Severance gets spent. Books are forgotten. What remains is the legacy people remember.
For many who worked with you, that legacy isn't one of leadership. It's one of fear, arrogance, and missed opportunity.
Money can buy comfort, but it can't buy respect. That has to be earned. And that's one thing that you will never have big guy.
Yeah, you'll find it in the Fiction/Fantasy section of your bookstore.
@1gt 👌👍😂
@182 u mean autographed copy of the book ? morron
Festog is a low-life piece of sh-t. Chris, here's a newsflash for you, YOU WERE FIRED from Mutual. So take your book and shove it up John Greed's a-s.
Greed new book will be Kiss my ring cause me and da Eaglettes are special.
@je i like your style !
We MUST review -bo-b that bloated gasbag’s comically named “book”. If for nothing else to publicly shame him for destroying a fine company. Immature? Yes. But eff-him.
I believe it was in the millions. 1 or 2 at least.
who wrote the forward: Greed or Gutierreiez ?
Festog is shameless. He really thinks that he's a effective manager. But he's an arrogant bully who is lying about the real reason he was asked to leave Mutual.
direct from amazon. nyt best seller
Chris Festog
The CFO Advantage: Elevate Your Role From Financial Technician to Visionary Business Leader
5.0 out of 5 stars
(4)
Top New Release in Accounting Theory
got to hand it to Festog though. He would never have been d-mb enough to spend $25M per year on As.senture. Even he wasn't even a panic spender except on unprofitable regional office expansions right during Covid and boondoggle spending on Landmark/Truspire, and stadium suites in ATL, LA & MN.
Good one about Greed!!
What's next? Greed will write a book about training good managers.
OMG. What arrogance to write a book after being a key player along with Greed in the fiasco they were largely responsible for. You would think walking away quietly after an enormous payout would be a more prudent decision. I guess we live in an era where being shameless is de rigueur.