Chief Executive Officer Of State Farm Insurance
My topic is on the Chief Executive Officer of State Farm Insurance, Edward B. Rust Jr.
Like his grandfather and father before him, Edward B. Rust Jr. became the chairman and chief executive officer of State Farm Insurance Companies. Having been associated with the company his entire life, Rust was well rounded in the mutual insurer's corporate culture, which placed a great deal of emphasis on serving policyholders, who were the legal owners of the company, and avoiding spending money unnecessarily. However, despite a lifelong association with State Farm, Rust maintained that growing up in the Midwest and learning rural values provided a moral foundation that would become more important to his achieving success as a chief executive. One of those values was respect for education. Rust, who held advanced degrees in business administration and law, became devoted to the advancement of education in America and instrumental in State Farm's contributions in this area, in terms of both......
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