I implore and challenge anyone, including them, to show and explain to me what worth Shapiro and Wilson provide to the company. Aside from lying constantly to us in poorly timed town halls what do these two bumbling fools do for us and the company that us if value to the customer and employee? I don't see either of these fossils worth $15 an hour let alone millions a year. CEO and VP positions in all big business have to be by far the biggest waste of payroll and waste of company resources. Why are those positions still a thing? You could lop off the top 3 or so layers of this company, save tens of millions of dollars a year in just a handful of worthless dead weight, and the company would actually run and operate better and perform better in terms of expense, profits, and processes.
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Smoking mirrors complete by the Chicago scum team of Tom & Glen.....
Good post.
My tenure as a very long-term agent has seen it all. While I did stay at a Holiday Inn once, I do not purport to have any inside track to fixing things ... OTHER THAN 1) Concentrate on what we do best 2) Get out of the "fluff" products like cell phones and pet insurance 3) Enhance some of our existing products to add value for our clients instead of "if-comes" 4) Leave the agents alone and get out of the "If-come" bonus payday 5) Give us an honest insurance price that contains VALUE 6) Add value to the employees who strive every minutes of every day to provide "Good Hands" quality.
Oh, I can come up with 20 more but lets try this for starters. ........ Beuller? Anyone?
But Wilson loves it when young MBAs come in with fancy power point demonstrations and flattery about how to grow the business.
This phony transformation growth, also know as deleting employees will only quicken the slide down
Why are CEO and VP “still a thing?”
I get it... sometimes it’s just therapeutic to vent and this is an anonymous message board. But to say an organization doesn’t need leadership is ridiculous.
It’s absolutely fair to question Wilson’s decisions that have lead to 15 straight years of market share reduction, he’s an ineffective leader who has managed to stay in his job because of how the stock price has performed. Which by the way is his ethical and legal obligation since we use the public’s money to fund our business.
Unfortunately, @1yqk+19xkeKJo is mostly right. Wilson has made the wrong move every step of the way... but that includes hiring Shapiro. Drastic changes are needed, but we got a bad deal once again.
This plan will not work because there is still no investment in infrastructure. Outsourcing claims to India and mandating agents use a call center and losing their local presence will someday be a case study in an MBA class on how NOT to run a business.
The Shapiro Transformative Growth Plan is the last best chance for this Company to reverse its decade long decline in market share. We all know PRICE matters, and this journey should have started years ago. CEO and the Board have been on the wrong side of every strategic pursuit. Esurance was to be the GEICO k–ler. Wrong–$1 billion purchase, never made money, and then take a charge to shut it down. Remember the financial supermarket concept, just ahead of the 2008 financial collapse? Bank and Annuity journey all failed. Encompass a failed CNA purchase with no progress in IA marketplace in 20 years. Life Company–sold. Repurchased shares to juice EPS when funds should've been invested in technology or competitive position. No expense discipline till Shapiro arrived. This is an unfortunate but not surprising outcome. Went from strong #2 market share position to a weak #4. Difficult but necessary if you have long term employment aspirations here. PGR up 173% in 5 years with Allstate up 61%–could've been Allstate.