Nationwide Mutual Insurance Company has finally revealed their true identity! A mutual insurance company is owned by it's policyholders.
So, technically our "Members" are really "Owners" of Nationwide. They have full voting rights at the annual meeting and can choose the
board of directors and even the CEO! Imagine if all companies were owned by their customers. How differently might the banks and mortgage
companies have acted? How quickly would a corrupt CEO find himself out of a job? CEO's certainly would not be getting paid ridiculous pay checks
while their companies are losing money or going bankrupt.
There is a big difference between a Mutual Insurance Company and a company that is owned by it's stock holders. Stock holders demand profits while
policyholders demand better prices, service and products. The culture of the organization is also very different. Every Nationwide agent and employee
knows that we exist to serve our members.