Not only does it rhyme with Wells Fargo, it appears to be an insurance version of Wells Fargo in how it is run.
Who is their auditor? Were the extravagant expenses noted in any quarterly or annual audits? How long was Watson spending on himself, and for corporate HQs, at the levels mentioned in the article? Finally, why would Watson retire now if he were living high at stockholders expense and had done nothing improper, or out of line with corporate principles?
SEC; please help us understand this situation, to help stockholders of other companies.
Not only does it rhyme with Wells Fargo, it appears to be an insurance version of Wells Fargo in how it is run.
Who is their auditor? Were the extravagant expenses noted in any quarterly or annual audits? How long was Watson spending on himself, and for corporate HQs, at the levels mentioned in the article? Finally, why would Watson retire now if he were living high at stockholders expense and had done nothing improper, or out of line with corporate principles?
SEC; please help us understand this situation, to help stockholders of other companies.