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R.I.P., USF&G: How Downsizing Ruined a Perfectly Good Insurance Company Paperback – September 1, 2005


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Product Details

  • Paperback: 48 pages
  • Publisher: Dorrance Publishing Co., Inc. (September 1, 2005)
  • Language: English
  • ISBN-10: 0805967966
  • ISBN-13: 978-0805967968
  • Product Dimensions: 0.2 x 5.8 x 8.8 inches
  • Shipping Weight: 2.4 ounces (View shipping rates and policies)
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #1,473,492 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

A native of Flint Hill, Virginia, John Browning is now retired and living in Charlottesville, Virginia.

Customer Reviews

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Most Helpful Customer Reviews

The near collapse of the financial system that led to the current economic crisis in this country and around the world is largely attributed to managerial incompetence and short-sighted corporate greed. The culprit institutions include banks, financial underwriters, lax governmental agency supervision, and insurance companies. Tens of thousands of financial industry employees woke up one morning to find themselves out of a job -- where a few dozen CEO's bailed out with their proverbial golden parachutes into comfy retirements. That's why John Browning's "R.I.P., USF&G: How Downsizing Ruined A Perfectly Good Insurance Company" is such a timely little publication providing the general public with an insider's perspective and account of how reckless, feckless, corporate mismanagement collapsed an otherwise thriving insurance company with no advanced warning to either their employees or their clients. "R.I.P., USF&G" gives insight into underhanded company politics and unethical conduct, a microcosmic example of what was to happen throughout the financial industry and across the global economic system. Chilling, outrageous, and a clarion example for the need of industry reforms, "R.I.P., USF&G" should be made mandatory reading for all M.B.A. students, governmental regulators, and every member of the Republican Party whose advocacy of unfettered corporate greed has led us to the state that we are currently in as individuals and as a country.
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3 of 3 people found the following review helpful By Steve T. Jurnigan on January 15, 2008
I very much enjoyed reading this book. It is the second one I have read by Mr. Browning. I can relate a lot to his feelings. I worked for Union Camp Corporation. We were merged ( bought out)with International Paper in November, 1998. We went from over 3,000 employees to about 1300. There was a lot hourly and salaried cuts; and a lot of people got early out packages. It could have been a lot worst. We learned to do more with a lot less and of course here come the contractors. Just like other American industry our benefits have dwindled to very little. Keep up the good work Mr. Browning.
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0 of 2 people found the following review helpful By Tom on May 14, 2012
This is a sad account, written by a disgruntled employee. Norman Blake took USF&G from the brink of disaster, to a successful merger with St Paul. My father worked for USF&G and was fond of Norm. I would have downsized and did the same thing Norm did, and I believe it worked pretty darn well.
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