There is no way in he-l Mutual of America survives it's dramatic fall from grace. The new CEO is going to sell the company. With the recordkeeper consolidations, it would be the only way to save 75% of the workforce. Mutual's technology is so far behind its rivals. It's losing clients by the hundreds. Bill Flynn saved the company decades ago but now its different. The new CFO is got her hands full. Some big announcements coming up I have been told. I am so worried about the pension. It is only about 80% funded. With Greed and Festog taking their millions out, funding status will go down to 75%. Layoffs and hiring freezes and early retirements among field sales staff are inevitable. Cut 100 jobs it would save them $20M.
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Give her a severance package and send her on her way.
She is not even a CPA. To fix the Company you are going to need a strong CFO. One with real credentials.
Who cares what the “new” CFO is doing? She was a pawn for Festog. The board should question her credentials for this role.