General Ichan. Years ago you served the board of Yahoo. Now we beg you to help us in our struggle against the Wilson Empire. I regret that I am unable to present our request to you in person, but our company has fallen under the mismanagement attack, and I'm afraid your once $400 mil position in ALL is only worth only $250 mil. I have vital information in this blog for the survival of the Balance of your position into the memory systems of this Blog. You will know how to retrieve it. You must see this blog safely delivered to to your NY office. This is our most desperate hour. Help us, Obi-Wan Ichan. You're our only hope.
8 replies (most recent on top)
@1xmk+1e7sWJEp clearly you don't understand how stock ownership works.
He can suggest things all he wants, but the majority stock holders have the final say and thus is their necks on the line. They have no requirement to implement his ideas and thus, makes him a very limited threat, if a threat at all.
Any time he has raided a corporation, he held a significantly larger chunk of ownership. Ichan is a non issue. But he keeps distracting your ire away from Tommy boy and crew as they keep dismantling Allstate. Wouldn't surprise me if that is part of the plan
I think the OP is referring to it’s time for Wilson to go. Transformative growth was announced in 2019. He has had 3 years to shake out the problems he has created. There will be no profitable growth in the Auto line. Say what you want about the agents. The Agency force delivered a consistent .88 combined ratio. Direct has delivered a 108 combined ratio over the past 10 years. I think Tom would be great running the Motor Club as ceo. We need someone that knows what they are doing.
Be careful what you wish for!
Do you really want Icahn to do for Allstate what he did for Yahoo?
To the people who think Icahn's 1% stake means his influence is limited to 1%, you clearly don't understand how "activist investors" operate (or how the world works). Icahn has a history of rallying other large shareholders around his vision. That's why the C suite and the board listens to him.
@1sqk+1e7sWJEp shhhh, they don't like the truth or common sense around here
Oh this again. A billionaire shareholder who owns 1 percent of company has zero say in what goes on nor does he care as long as he's making money.
P.s. his stock purchases last year were at roughly 90 a share so he's still made money. He has also sold off shares in the this year when it was in 130s
Who the F is Carl Ichan? And why would I care? Why do any of you care about anyone above your supervisor cause they do not care about you. Phone it in.
He the latest Lib Mutual reject/carryover for the scorched earth TG strategy?
Oh yeah: lower price of policies but for the love of G DO NOT let it impact our multi million bonuses we get each year.
Anyone who thinks Carl Ichan is in support of or gives a flying f*** about the employees of or the survival of this company are totally ignorant. Ichan is here to make his money no matter the cost to loyal employees and customers just like Tom and Glenn and then run off with his money while 10,000s of employees suffer and get laid off. Corporate scumbags all of them and that includes Ichan.
I am now d-mber for having read this