For all of us who rec'd a raise, make sure you read the clause they list which reads "salary adjustments are contingent on your employment with Allstate and not with any future company if Allstate discontinues their line of business".......this means, by law, that when Allstate sells to Progressive later this summer, your raise does not remain in place if Progressive retains you. Sneaky folks trying to fool the lemmings.
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What clause where? My merit docs have no such statement.
Bunch of ugly liars on this site.
OP=crapaganda.
When the company is sold it will not be sold whole. It will be chopped up and sold in pieces….. Life sold, commercial sold,,,, ect.
Progressive does not and will never have the capital to buy Allstate.
Even IF Allstate were to announce a sale to another insurer (not happening) it would get intense scrutiny from anti trust regulators—especially in a democratic administration. It would take months if not a year plus to finalize.
Lastly, if everything above actually happened I can assure you the last thing a new owner would be worried about is a merit increase months earlier for someone making $50k a year.
Stupid post.
- Progressive is not buying allstate. They don't have the capital to buy it, it would never be allowed by government.
- A raise is March wouldn't be backtracked in August by another company
Sometimes we try too hard to sh-t on this place when we don't even have to
I am being transferred to a vendor and they actually put in the offer letter that my salary will include merit raise from allstate.