Do you think Wilson, Shapiro, and Brandt will see their total compensation go down at all as a result of cutting costs, or actually go up?
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The top 5 executives of Allstate account for 40.5 Million dollars in total compensation for 2019. Tom Wilson has 19.6 Million of that amount. Tom Wilson's Salary to Median Employee is a ratio of 317:1.
This is straight from the 2019 Year End report. Within that report you can see what awaits the leaders of Allstate after they leave the company. I wont say how much, but some countries don't see these kind of numbers. Yet, we must let some of you go to make ends meet.
"Lean In"
They will be getting bonuses for the savings they make. This is all calculated. They are in it for themselves. Every move is about stock value and their value to the shareholders... (or what they think the share holders want)
Tom Wilson cancelled the life insurance promised to retirees. Don’t confuse him with a warm fuzzy teddy bear.
I imagine it would go up. Don’t be selfish, they need it. I heard he was late on the payment for his 4th house recently
Skyrocket. That’s the point of all of this. Drain money from loyal frontline employees throwing them and their families to the streets during the worst pandemic and depression in a century or more and absorb the “savings” to themselves. Gotta afford those self sustaining underground doomsday bunkers somehow. Customers are to receive India tier service.
You can't be serious about your question or you have not tracked executive compensation over the last 10-15 years. The company will save money and the top brass will be rewarded for saving dollars, even if the policy holders leave in droves. look up Stephenson with ATT. The company was losing millions of subscribers and he received a golden handshake when he retired of 60+million. Wilson could get a no confidence vote from shareholders and get a nice tidy sum to go away, even after ruining the lives of so many families
They cut costs, their worth “increases”. They will make more from this.