Join Date: Feb 2010
Location: Narragansett Bay
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Re: Boat Insurance Rate Increase
Being a CEO of a public company is nothing like winning the lottery. You have to earn the job and have the technical expertise to do it. They get fired regularly too.
I'm not commenting on whether that particular pay package is appropriate, only that it has nothing to do with whether insurance companies always win. Some go out of business for having to pay out more than they have.
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.