Thread regarding Allstate Corp. layoffs

Transformative Growth an epic failure.

For three quarters now. How much longer will Glenn and the corporate suits continue to shovel and sell this load of cr-p to the shareholders and workforce. Everyone sees through the "growth" masked by purchase and movement of money to cook the books in their direction. Misappropriation of funds is prevalent in Chicago.

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Post ID: @OP+1aOD3dci

6 replies (most recent on top)

Policyholders have been scammed, retention is dropping like flies-high rates and incompetent claims points to an epic failure.

Layoffs only increase profit margins and dividends to buy time for so long. If the analysts only knew the truth that allstate is sinking PIF and market share

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Post ID: @1jeh+1aOD3dci

Considering it's still in the early stages, hard to say it's a failure long term, only time will tell. Unfortunately many of us will no longer be employed there when it is completed

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Post ID: @1dgt+1aOD3dci

They say PRICE IS TRUTH, and stock price reflects the ROE and consistent capacity to repurchase shares to increase Earnings per Share, upon which the share price is a multiple. P&C share loss for years, yet stock continues to climb. Seems they are smarter than the rest of us! Still surprised that a GEICO or Progressive wouldn't buy us for the HO business, EA channel which can be optimized, and the various Service businesses. As share counts decline, and Market Cap stabilizes, that could still happen in the next down cycle.

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Post ID: @agn+1aOD3dci

As long as the stock price is up & shareholders are happy, upper management is golden.

Not being mean, but us grunts need to come to terms with this.

They don't care about you or the stuff they put you through.

They are only, and I mean only, concerned about stock price. If that means layoffs & abusing workers, so be it.

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Post ID: @vsq+1aOD3dci

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