To: swamprebel
Prudential is an excellent company, but as a public company they have fiduciary responsibilities to their stockholders by law. Prudential is a mutual insurance company. As such they have no shareholders. The policy holders are the "owners".
12 posted on
05/02/2013 4:51:59 PM PDT by
Hugin
To: Hugin
Prudential Life is owned By Prudential Financial Inc. and is listed on the NYSE as ‘PRU”.
14 posted on
05/02/2013 4:59:27 PM PDT by
swamprebel
(a Constitution once changed from Freedom, can never be restored.)
To: Hugin
15 posted on
05/02/2013 5:01:05 PM PDT by
swamprebel
(a Constitution once changed from Freedom, can never be restored.)
To: Hugin
"Prudential has evolved from a mutual insurance company (owned by its policyholders) to a joint stock company (as it was prior to 1915). It is now traded on the New York Stock Exchange under the symbol PRU. The Prudential Stock was issued and started trading on the New York Stock Exchange on December 13, 2001."When I was in school and the company was still mutual, one of my professors described Pru as a "giant, unguided missile". I have no great love for the company. But who, exactly, was responsible for deducting the correct amount from each paycheck? Pru or the US Navy? If the Navy screwed this up, shouldn't they be responsible?
16 posted on
05/02/2013 5:03:19 PM PDT by
Sooth2222
("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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