You can find surveys on the internet where senior executive salaries are ranked by the size of the company, income of the company and number of employees. The Allstate CEO and senior executives are consistently paid significantly higher than peers at similar companies in size.
So, no the sacrifice is not shared equally as far as “making the company profitable.”
The senior staff has looked hard at cutting expenses to create a company that will be strong in the long term.....except for the dollars that go directly into their own pocket...
These surveys can be easily found online if you have any doubts.....
2 replies (most recent on top)
Hey Tom here’s a thought you want to save money ...... how about let your employees make the Allstate commercials and stop paying All these so so actors .... just a thought but that’s none of my business
Allstate:
Where the rich execs at the top are in good hands.
If Tom and Glen took a pay cut all jobs and more would be saved. What about those Trump tax cut NOT reinvested back into the company???
What about 2020’s 300 million in stock buybacks during a pandemic???
That could have been reinvested back into Allstate instead of making the top execs more money.
Tough times my ***
Pandemic is an excuse to make cuts when in fact allstate paying out less in claims. Fact.
Allstate already has had tons of cuts and already uses Allstate India to save of cheap foreign workers.