Skip to content
Subscriber Only

Allstate Investors Approve Executive Pay After ‘Listening Tour’

Allstate Corp. shareholders approved the insurer’s executive pay plan after Chief Executive Officer Tom Wilson addressed concerns from investors following the proposal’s near defeat last year.

More than 90 percent of investors who cast ballots approved management’s proposal on compensation of executive officers, Allstate said today in a statement on its website. The non-binding resolution was rejected by more than 40 percent of Allstate’s shareholders voting last year.