The only thing that Glen “the grim reaper” knows how to do is cut employees...
He knows nothing else about running a business.
That is why he moves from company to company..
his business acumen is empty once that is totally played out.
He is a fraud..a carnival barker...
No company has gotten fundamentally better on his watch and all breath a sigh of relief and change direction when he leaves..
His success is all short term financials that anyone could achieve the way he does..
Shapiro combined with the worst of the Sears rejects...
Allstate is mortally damaged and is taking on water..
The “Sears” of the insurance industry...
True business leaders like Geicos Buffett are laughing their asses off...
“Shapiro and the Sears rejects” could be the name of a 50s rock band if not the leadership for a dying corporation.
2 replies (most recent on top)
I am very grateful that I saw where things were headed. Retired took a lump sum pension. Rolled it and my 401k into investments.
Understand that if Allstate Corp goes down so does your pension. You have the ability today to roll your 401k into outside investments within a Roth or traditional IRA. No taxes.
Buying market share when you can't maintain the market share you already have is only a losing solution thought up by corporate hacks who have no ability or intention of fixing what is broken. If you are hemmoraging market share and not maintaining a stable profit through practice but just by spending more money then the demise accelerates as funds go down. A 10 year old running a lemonade stand could understand that.
Either the powers that be are purposely trying to run this company into the ground or it is complete and utter incompetence and stupidity. I think the latter.