No wonder why the town hall with Zuniga today was like a funeral where she flat out said we are not in good shape financially as a company. Haven't heard any senior leader that blunt in talking about the financial status of this company.
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Is this 4 quarters in a row with losses?
How does Tom still have a job?
Is 342 million dollars considered a large amount of money cause I made double that last year with bitcoin.
Listening to the earnings call is a joke. Still full steam ahead with TG and the only negative trend affecting results is “inflation.”
No question asked on why inflation is impacting the major competitors to a lesser degree and overall they are seeing profit trends,..where Allstate earnings per share is less than anticipated with another significant quarterly loss…
The only thing in the playbook of
Leadership is continued rate increases… no reassessment of direction…
No question on the duel edged nature of taking rates: impact on retention as customers shop for lower rates which can always be found at competitors….
The same old song and dance…
Hopefully investors are seeing and reading the lack of real leadership on this senior team and will handle the hold or acquisition of Allstate stock accordingly….
Company will not be profitable in 2023. Tired of reading increasing claim costs. Others are profitable. Stop making excuses and hold senior leaders accountable.
I can only visualize a whole lot of drooling and finger painting going on in the boardroom when these clueless sots gather to try and strategize to make this company profitable. Lord have mercy!
Allstate leadership from Wilson, Rizzo, Brandt, Parsons all on down are as incompetent as it gets. The Board of Directors are clueless and incompetent in themselves to let this keep going without consequences and changes in leadership being made. All are pathetic and out of your league and there is a big vote of no confidence from your employees for each and every one of you. And shame on the directors and division managers for continuing to shovel this Transformative Growth nonsense and failed initiatives. They are just as bad.
Transformative Growth has been a miserable disaster and failure. Anyone in Allstate leadership that continues to peddle this sham as a success needs a labotomy.
Which brand will hit bottom first, Allstate or Anheuser Busch?
Has anyone in senior leadership been held responsible for the Uber debacle?????
A business arrangement that large, could not have been approved without the consent of Tommy himself and the losses are in the billions….
Taking a look at this evenings first quarter result, they needed to reinforce reserving AGAIN for that travesty. Of course, the hard questions will not be asked on tomorrows conference call and we will hear Tommy say 50 times, I’ll let Mario address that…..but in reality nothing gets addressed and we will hear again how they continue to have confidence in TG and the company direction while bleeding billions and planning to cut 40 percent of current premium dollars for “poor risk.”
How do they get away with this smoke and mirrors and total incompetence AND GET rewarded with millions in bonuses besides….
Pathetic!!
Transfortive Growth my a-s. More like Transfortive shrink of my Stock Value cause Tom Wilson and the board made a mistake. But they will get their bonuses. But everyone else will either be laid off or rebadged as a vendor. Then the vendor will fire your a-s for unrealistic metrics.
Sink Baby Sink
“Look out below” at tomorrows market open….LOL
Tom Wilson and his “team” should be ridden out of Northbrook on a rail…