Wilson told the news outlet that the shift toward less driving has meant that fewer employees are needed as fewer accidents are occurring.
“This is a big first step, but this is not the end of our need to continue to reduce costs,” Wilson said. “We’ll be reducing costs for three or four years. There’s a lot of work we have to do.”
Wilson and the top leaders could go forgo their bonuses for 3 years if they are so concerned about improving Allstate finances
I agree that Tom and others make way to much money. They have people working for them that are at poverty level. Hollywood needs to make a new show where the heads of Companies have to live for six months on what one of their median employees make. I bet they all be shocked at how tough it is.
You wrote: Wilson said. “We’ll be reducing costs for three or four years. There’s a lot of work we have to do.”
Let’s see if, as part of “reducing costs”, Wilson takes a reduction against the 16-million dollars in compensation he received last year.
I’m guessing the opposite: cutting 3,800 jobs will earn him a nice fat pay bonus, also in the millions.
Said no profitable well run business. Ever.