First let me welcome the company internal auditors, security and whatever hired to do damage control since this site started trending on social media. Oh IM a crazy conspiracy theorist. Okay.
Transformative Growth is a nothing but cutting costs for short run gains. Speak with someone whose not just a stock holding sheep, and you will learn that the market is questioning the overall direction of Allstate and its all over the place. We that work at the company know that its trying to be all things to everyone. But real clincher is ALL stock gains have been from cutting costs, how many of you before office closures were told COFFEE and WATER was being cut roflmao. wow. Okay BRILLANT BUSINESS STRATEGY FOR THE FUTURE.
NOW WHAT ARE YOU GOING TO DO TO GROW MARKET SHARE. The producers who drive this company (thats agents for those of you in upper management who are used to jargon) are pi---d and you slashed their pay. The COST CONTAINMENT unskilled labor "claims" you see are feeling demoralized pi---d, and those that have left company are already spreading word on what Allstate is doing, and none of it is slanderous or libelous its just the truth.
You didnt pick people by salary to cut in RIF then claim their personality tests didnt matter and offer to hire them back on pennies because you f'ed up your estimates of outplacement liabilities? ok sure.
I expect a bunch of attacks on me Im just a rube what do I know. I know youre right I am. And when the market realizes there is NO PLAN to grow market share beyond cutting "coffee" I hope the greedy aholes running the show are kicked to the street. The worst part? THey did this ALREADY at LIBERTY and the BOARD hired them. So stockholders you might want to revisit you board.
Or guess what ignore all this. Im an unskilled rube and bunch of company apologists will say so and quote bunch stats blah blah but if I was a market research firm I would pay serious attention to this board.
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