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Michael L. Tipsord (born June 20, 1959) is the chairman of the board of State Farm Insurance in Bloomington, Illinois. Tipsord replaced Edward B. Rust Jr. as chairman on September 1, 2015. [ 1 ] State Farm is the 42nd largest company in the United States on the Fortune 500 [ 2 ] and the country’s largest auto and home insurer .
Steve Koonin (born June 6, 1957) is the chief executive officer of the Atlanta Hawks and State Farm Arena.He is the former president of Turner Broadcasting System.Koonin chairs the Georgia Aquarium and is on the boards of TKO Group Holdings, Rubicon Technologies, Fox Theatre, Metro Atlanta Chamber of Commerce, Emory Healthcare, and the Woodruff Arts Center.
Edward Barry Rust Jr. (born August 3, 1950) [1] was chairman of the board of State Farm Mutual Automobile Insurance Company, Bloomington, Illinois.He is a former President and Chief Executive Officer of State Farm Mutual Automobile Insurance Company and State Farm Fire and Casualty Company, State Farm Life Insurance Company and other principal State Farm affiliates.
Chief Operating Officer Michael Tipsord will become its next chief executive, succeeding Ed Rust Jr., who has led the private company since the mid-1980s.
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CEO pay, including stock awards, soared by 12.6% last year. The Equilar study indicates that the median S&P 500 employee received an annual pay increase of about $4,300 last year. For CEOs, the ...
State Farm is the largest property and casualty insurance provider, and the largest auto insurance provider, in the United States. [5] State Farm is ranked 39th in the 2024 Fortune 500, which lists American companies by revenue. [6] State Farm relies on exclusive agents (also known as captive agents) to sell insurance.
In 2016, which was Schiller's last full year as president and CEO, he earned a base salary of $910,000, a $568,750 bonus, $1.5 million in nonequity incentive plan compensation, $1.2 million in ...