Bloch wrote that he opposed a $2 billion stock buyback authorization in 2008 and the fiscal 2010 financial plan which he said was overly optimistic. He had also opposed re-election if Richard Breeden as chairman last year. Although Bloch had supported Breeden when he joined the board, "Richard and I have had differences of opinion on a number of fundamental issues that, I believe, could affect the company’s long-term future".

A major issue the former CEO cited was pricing strategy. Bloch, who stepped down 15 years ago and rejoined the board 10 years ago, said if the average charge for returns had increased consistent with inflation since 1996 "it would be significantly less than its current level."

He also said he hoped Bennett, the new CEO who had served as interim CEO two years ago, would moved to Kansas city and not commute from his Connecticut or Florida homes. Bloch offered serous criticisms of Bennett's compensation. He wrote, "Furthermore, I hope he [Bennett] will demonstrate a genuine commitment to long-term value creation, even though his compensation package, I believe, may prove to be seriously flawed with respect to its incentive components. In my opinion, the package is also overly generous.