I got a whopper jr the other day and was amazed at how small it is now. Its not much bigger than a biscuit. Everything is going this way now as every penny is squeezed until every last drop of value is gone.
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Originally Posted by Will N
I'm not happy about this news. Now, Haggerty is going to have to answer to shareholders and Wall Street analysts, probably before it answers to its policyholders. If the analysts and shareholders think that its profits aren't where they should be, it will raise rates to satisfy them in order to support the share price, rather than thinking of us, the policyholders first. And if they say that Haggerty will always put the policyholders first, don't believe it. I know how this really works- I used to work for an insurance company that went public (Metlife), and I saw firsthand how propping up the share price became the only focus of all business decisions.
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