Thread regarding Allstate Corp. layoffs

Glenn Shapiro will not be here in 12 months

The board and Tom are fully soured on him. He brought his now widely known as failed Liberty Mutual plan as a bag of magic beans and it is crumbling all around them. The company is sinking and this will be a carbon copy of Liberty Mutual. However once they kicked Glenn to the curb Liberty Mutual had the people in place to quickly fix Glenn's incompetence and damage. Tom Wilson's group does not have this. Within the next 3 years Allstate will be absorbed pennies on the dollar but more competent competition. And I look forward to being part of the journey.

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| 4471 views | | 15 replies (last August 19, 2022) | Reply
Post ID: @OP+1aEeud3l

15 replies (most recent on top)

This aged rather well!

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Post ID: @7Ezgm+1aEeud3l

It finally happened, hallefuckinlujah.

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Post ID: @7Eokv+1aEeud3l

It’s amazing GS made it this far. What has he brought other than chaos and dysfunction? TW on the other hand does defer to GS so I don’t think anyone is being let go. They’re still doing a decent job. AS is still very highly regarded even if leadership is a tad questionable.

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Post ID: @6Tcmr+1aEeud3l

UM OP - HE’S STILL THERE

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Post ID: @6Tepq+1aEeud3l

Mark my word a company leader will be sent his walking papers this week.

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Post ID: @1cmi+1aEeud3l

With quarterly report this week, we'll have great visibility into whether there's any momentum towards growth. After 3-4 quarters of excuses with Wall Street analysts for lack of growth, it'll be interesting to see how aggressive they get with the questions and the stock price. At some point, the loss ratio will become the topic as Company cut rates to drive growth, accident frequency returns, and claims is massively understaffed based upon their own models. Wall Street has accepted market share loss over the years, but less tolerant on profitability.

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Post ID: @1tkh+1aEeud3l

Glenn is known to hate agents. Life before him was so much better.

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Post ID: @1lmp+1aEeud3l

Sounds like fan fiction

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Post ID: @1zsr+1aEeud3l

Keep wishing... Maybe it'll come true, likely won't

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Post ID: @1xsa+1aEeud3l

Reliable sources: TW is the puppet of GS. GS is the real man behind the curtain.

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Post ID: @1oby+1aEeud3l

Sorry, but GS will be here long after you.

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Post ID: @1rrm+1aEeud3l

This I d I o t made allstate the laughing stock of the insurance business.

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Post ID: @1dnl+1aEeud3l

OP IS DEAD ON, IWROTE THE SAME THING ON THIS SITE A WEEK AGO AND WAS RUTHLESSLY MALIGNED FOR IT. COVID IN PUNE IS THE STRAW BREAKING THE CAMEL'S BACK. WATCH.

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Post ID: @mrf+1aEeud3l

He will definitely be taking his golden umbrella. That was obviously his plan from the beginning

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Post ID: @xds+1aEeud3l

Doubtful

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Post ID: @zpu+1aEeud3l

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