Would be curious as to how many visit this site and gripe about horrible conditions….have Allstate stock in their 401k. Up over 30% in a year, you can’t have it both ways
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The stock had previously been at $129 until it again fell below $100. Just retaking ground it previously lost.
30% is pretty much just treading water. Most companies are up that much. This doesn’t indicate that leadership is doing anything remarkable.
Compare Allstate stock to the S&P500 over the last 12 months. Allstate still underperformed (significantly).
Also, I'm going to be using "it's all smoking mirrors" going forward, because it's a better saying than the original.
At least now Tom and Glenn will be able to live a little better in retirement.
This id--t probably invested in Union Carbide too and celebrated his great returns.
Would the paid pro company damage control people go away ? Are we really that threatening it’s just a board why so worried?
@1rtd+1aIg1r8f but why would you invest in a company you thought was run by id--ts, riddle me that
"It’s all smoking mirrors"... That's not the phrase, Ricky... It's "smoke and mirrors"
Allstate is a top 6 company . Progressive and Geico playing chess while Tom and Glen are playing checkers .
OP, I suggest that a corporation can provide good returns and treat people well. Why couldn’t Allstate buy back $2.7B in shares versus $3.0B and keep all 3800 employees (during a pandemic mind you) while doing a slower RIF through retirement or retirement offers. There was a CEO recently that said (I am paraphrasing) the American people give us (corporations) a license to operate and we should be responsible with that privilege. That same CEO within 6 months eliminated 3800 jobs (many good paying jobs) because he cares about only 1 thing...the stock price. In my opinion, corporations like Allstate need to serve ALL stakeholders for the good of America. I use to think the way you did, but have realized that these people serve an (at times) invisible boss and will stop at nothing to add another dollar into the shareholders pocket. They simply have no moral compass and surround themselves with “yes men” to further narrow their vision and blur the lines between right and wrong. These companies have lost their way and the reaction on this website is an example of the consequences. I pray these voices get louder, spread rapidly, and do not go silent.
Let be honest. It’s all smoking mirrors! Soon this foundation made of sand will crumble.
Let’s be an adult and separate the two. If I invest what I earn, I can still think said company is run by id--ts. This isn’t an all or nothing situation.
Zero and I don't use the insurance either
@itx+1aIg1r8f that's code for "OP is right but I'm a child and can't admit when I'm wrong because I'm perpetually outraged"
seriously due just stfu and move on id--t