He is known to be an ultra successful investor so with him having a huge stake, that could mean good news for employees and customers.
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When you have to put your hope into corporate raider Carl Icahn, you know you have reached a depressing level of desperation.
I agree with previous posts. This guy is here to prepare the company or sale. Its been said on these posts time after time but posters keep worrying about culture and workload. The writing is pretty clear. The Ivory Tower lords are positioning Allstate for sale.. its pretty obvious..so there is really no need to stress out about long term employment here because THEY ARE GOING TO SELL. Bringing this guy in is just another obvious sign that days are numbered. Sorry to y'all that don't want to see this, unfortunately you will be caught flat footed when you get booted after the sale/merger.
Another fool running it Into the ground like Wilson who hates agents
Icahn is simply there to arrange and broker the eventual sale and merger of Allstate to another company. Nothing more. The final giant direct deposit for Wilson and Shapiro is on the horizon. Icahn is not there to and is not designed for bettering and improving this company from its current sorry state.
Icahn peaked in the '70's, which is ironic as those were Allstate's best days as the number two carrier in America by a wide margin. Wilson, since his arrival from Sears in the mid-90's has done nothing but destroy shareholder value allowing the emergence and dominance on Geico and Progressive. That aside, he could push to explore merger or sale based on the value of wide distribution and a coveted Homeowner insurance business.
Carl is also a member of the Chicago Scumbag Association...
Can you point to any companies where Icahn's investment activism has been good for customers and/or employees?
No, I didn't think so