How do the controllers of a mutual insurance company make their money. The Rusts (who control State Farm) are very wealthy indeed -- but of course State Farm Automobile is a mutual company, nominally owned by the policy holders. All the other State Farm companies are stock companies, with the stock originally, I suppose, belonging to State Farm Automobile. But even if that stock is distrbuted to management, the Rusts' wealth (and that of the Meherles) was built up before those subsididary companies could have contributed much. I never have understood this.
Carrol
