I mean "pursue other opportunities / spend more time with his family"
I think the clock has run out on blaming Glenn, and Tom certainly isn't going to take responsibility for the string of quarterly losses (which I'm guessing will continue in 2023).
Who else might be on the chopping block?
CE on auto needs to be next casualty. Offers zero value to claim team.
I don't think Tom leaves of his own accord. Too much ego. Another Q loss, regardless of his manipulating the stock price with buybacks*, and maybe the board shows him the door. If Tom leaves I would think whoever took over would "encourage" Rizzo to retire (once they notice him).
*Increasing the dividend was a neat trick
Disagree. Tom looks pretty healthy. Rizzo is just typical looking for a midwest man of his age. I do think it would make sense for both of them to retire soon. Tom has exceeded the average tenure (5 years) of a CEO by far. He's clocking in around 13 now?
I think Rizzo sticks around as long as Tom does. It would be embarrassing for Tom to show him the door after making him Glenn's replacement.
All Rizzo needs is for someone to water him and turn him towards the sunlight from time to time and he'll be fine. "Mediocrity" at Allstate is akin to "The Force" in Jedi culture.