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Hartford


MrB

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So, Plan et al, what is your current assessment of management? 

 

I am very intrigued after seeing the latest developments -- particularly, the hedging and shopping of the Japanese annuities biz.

 

TX, I don't like them as much as the other guys … but they did what they say they would do and that counts.

 

One of my worries at first was that their passive-aggressive attitude to Paulson's pressure wasn't the right one when trying to pull a comeback. Either you knew what was right or you didn't. You either fought Paulson or embraced him.

 

McGee's middle-of-the-road reaction showed his large institution background and that wasn't even in insurance but in banking. When there are many other tough decisions coming, that bureaucratic mentality and lack of knowledge can get you in trouble.

 

However, the war efforts are mostly complete and the stock and its warrants are still cheap. McGee and his team did what they say they would do at fast speed. They deserve praise.

 

 

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