- Allstate (NYSE:ALL) reduces the amount of severance that its CEO will get paid if another company buys out the insurer or any other event where the control of the company is changed.
- The amendment cuts the amount of cash severance payable to the CEO from three times to two times the sum of base salary and target annual bonus, in line with other plan participants.
- The board made the amendment at the request of the CEO.
Allstate reduces change-of-control severance for CEO
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| Symbol | Last Price | % Chg |
|---|---|---|
| ALL | - | - |
| The Allstate Corporation | ||