Predictions anyone? How soon before Tom is “laid off?”
10 replies (most recent on top)
"If I were to guess, when Tom exits it will start with Tom authoring a memo to the organization in Q1 ‘24 announcing that he is retiring at the end of 2025. And in doing so, he’s immediately moving to being chairman only and will announce who the new CEO is who will run the organization. It will be positioned along the lines of planned large corporate re-organization and allows for a graceful and uneventful exit. Keeps Wallstreet happy as well."
This is exactly what will happen. But I'd predict at his townhall this week, he'll tell everybody that nothing is going to change, that we're still doing the same stuff (you know, executing well) that we planned to do. Gradually, you'll see the shift.
Not only does it make Wall Street happy, it keeps the people they're managed to retain and on whom their depending to get any work at all done, from rushing the exits. I guarantee you that's got them worried.
Tom's net worth is nine figures. I don't think I'd poke fun of the man potentially being asked to resign when he could have retired a long time ago and has a personal level of wealth that is very very large indeed.
Trian will run and control this company in very short order. Trian will decide and place Tom's replacement.
Don’t worry about the replacement for Tommy boy….
Trian will be bringing in someone from far outside of Allstate and he/she will be getting their marching orders directly from them…
Who is the successor though? Surrounded by career Allstate corporate stooges.
Maybe Mr/Ms Outside hire? Or just fast track ki-ling the Allstate brand and let NatGen take over.
If I were to guess, when Tom exits it will start with Tom authoring a memo to the organization in Q1 ‘24 announcing that he is retiring at the end of 2025. And in doing so, he’s immediately moving to being chairman only and will announce who the new CEO is who will run the organization. It will be positioned along the lines of planned large corporate re-organization and allows for a graceful and uneventful exit. Keeps Wallstreet happy as well.
I was laid off. Before my last day, I sent Tom & a few EVP a really nice email.
He won't be laid off. He will "RETIRE" or find another "OPPORTUNITY".
They do the layoffs later in the year because they can’t get their cr-p together for months and months. This latest one is so haphazard that various VPs have different stories …. Including one who told his staff thst “next time they will be based on performance”. Wow, such a concept.
Tom will have more time to spend with his family before the end of 2024. Ideally they'd show him the door on Christmas Eve