Tom Wilson has been looking to trim the corporation for years. However, before doing so, he needed people on the senior staff that were not promoted through the ranks at Allstate and did not have loyalty either to the people or the history of the company. Over the past four years, almost all of the senior executives added have come from outside Allstate and not coincidently have come from companies that recently went through major staff reductions e.g. Liberty Mutual, KMart/Sears, etc.
Nothing that has occurred has happened by coincidence. The currently named “transformative growth” has been in the plan for 4-5 years but needed to wait until the staff was in place that had the willingness and history to
Implement it.
Was the recent departures over the last 3 years of Allstate bred directors and VP’s coincidence?
Decide for yourself.....
2 replies (most recent on top)
No truer words were ever written on this site. TW philosophy however will result in more profit for the corporation. Just because you can doesn't mean you should!!!!!
There is certainly a new tribe controlling the company and the mighty dollar is their deity. This isn’t happening exclusively at Allstate and it’s been going on for centuries.