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Disquieting Developments at Kemper/Lumbermens Mutual

Features • January 27, 2003
Even being in business for over 90 years doesn't seem to assure financial stability these days. 2002 was not a good year for the Chicago-based Kemper Group, headed by Lumbermens Mutual Casualty ...

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Subject: RE: Dave Mathis/Bill Smith

Posted On: May 5, 2005, 6:20 pm CDT
Posted By: k. thomas
Comment:
I agree with Mr. Hronek. Mr Smith brought a perfectly good company down to the ground. Mr Mathis, and the directors, allowed it to happen. Didn't anyone see it coming, or were they just blinded by the large salaries and "extras" they were getting? Was a corporate jet REALLY necessary? Please.... I don't think so.. We may have only been between the 12th and 15th in the country, but at least it was a stable company. With AIG now being under scutiny, makes me wonder what Smith did to that company while he was there. I for one was on disability at the time Kemper announced its closing. After 16 years with the company. I had to settle for a disability payment less then 1/3 of what I was entitled to. I bet Mr's Smith and Mathis along with many others in the higher levels of the company lost nothing!! For many of us we saw the company going down the tubes as soon as Smith came on board and all the stories about his "spending" and inappropriate changes within the of the company started happening. We knew that many of his "buddies" were hired. I know they had contracts that were paid out in full and were outrageous. As usual its the little guy that pays the price for the ineffective management at the higher level..
Subject Posted By Posted On
RE: RE: RE: RE: Dave Mathis/Bill Smith k.thomas
Mar 17, 2009, 4:14 pm
RE: RE: RE: Dave Mathis/Bill Smith X
Nov 9, 2008, 7:38 am
RE: RE: RE: Dave Mathis/Bill Smith Mike HIller
Apr 28, 2008, 9:34 am
RE: RE: Dave Mathis/Bill Smith JIM C
Apr 24, 2008, 12:15 pm
RE: RE: Dave Mathis/Bill Smith Mike
Apr 22, 2008, 11:01 am
RE: Dave Mathis/Bill Smith James Corpening
Nov 7, 2007, 9:49 am
RE: Dave Mathis/Bill Smith Gloria Jean Sykes
Jun 18, 2005, 11:57 am
RE: Dave Mathis/Bill Smith k. thomas
May 5, 2005, 6:20 pm
Dave Mathis/Bill Smith Bernard Hronek
Apr 21, 2005, 7:38 am
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