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I promised myself not to return to this Board because, for the most part, posters to this Board seem prone to enjoy extolling the virtues of Sigi without reservation.
Well, at one point in time Selective was a fine, shareholder concerned, Agent concerned, and employee concerned company. Right now, it's a disgrace. It is run by a man who could care less about any of the concerns aforementioned, and seeks only to aggrandize his own pockets and those of his vest pocket sinecures on HIS Board of Directors. Just a smidgeon of the shameful pork dispensed by this Board to its members: On 8-14, one member of the Board exercised options to buy 6,000 shares at a cost of $45,702.00, then sold them the same day for $98,612.00, a cool profit of over $50,000.00! The same Director was given Grants of 1023 shares on 4-1-09 and 952 shares on 7-1-09. Grants are no cost giveaways!! This Director thinks so much of the company and its future she sold her stock the same day she received the shares. We all can see how much she has contributed to the company. Just check its progress over the years she's been a Director. Of course there are going to be those rising to the defense of such pork barrel spending of shareholder interests, by pointing out that it is universally done in corporate America. That just makes it all the more shameful, especially in these times where average working men and women are hurting as are SIGI shareholders. What should SIGI have done or any other such guilty corporation? Quite simple. Discontinue such pork barrel spending until the company produces results justifying such expenditures. This is the kind of stuff that Socialists like Barney Frank jump all over to justify their cockeyed ideas for more government control over Corporate America!! Sentiment : Hold Rating :
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The Pork barrel!
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verity54592... | Not rated | 2-Sep-09 03:56 pm | ||
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For all my shareholdings I've have been carefully ...
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customstyle... | Rate it | 3-Sep-09 12:08 pm | ||
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While I applaud the due diligence you are giv...
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insgal_2005 | Rate it | 3-Sep-09 04:44 pm | ||
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I applaud both responses to my original ...
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verity54592... | Rate it | 4-Sep-09 10:29 am | ||
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All very nice posts.
Typical of ...
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alexalekhin... | Rate it | 4-Oct-09 07:15 pm |
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