With the massive stock options and voluntary termination offers happening to the middle managers this year, Allstate’s cash pile will increase nearly 300 million. They are poising themselves for sale to Progressive. “AllPro” here we come.
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Why would Progressive wants this stinking pile of dog sh*t. They have a profitable and growing business that is as omnichannel as you can be in this space….
Allstate has little value to others they see poor performance propped up by acquisitions and monetary slight of hands for the street.
Again with this? No merger is coming...
Another OP post from someone that failed math and does not understand mergers and acquisitions. Needs to stick to his day job if he still has one.
They are not saving 300 million in these offers.
If the average compensation for these folks was 250k(which it isnt), 1200 people would have gotten a package.
Get out of here with your billboard material
When that happens...I think a better name is "Prostate"...Ha ha!!
You can bet they won’t be passing off that savings to customers. The bottom line will look better now so maybe they are getting ready to sell. They are definitely up to something.