Tom Wilson

Tom Wilson

Chairman, President, & CEO at Allstate
Company Tenure: 29 years
Education:
University of Michigan (B.S.B.A.) Northwestern University (M.B.A.)
Biography:

Tom Wilson serves as Chairman, President, & CEO of Allstate. Headquartered in Northbrook, IL, Wilson has been with Allstate for 29 years. He holds a Bachelor of Science in Business Administration from the University of Michigan and a Master of Business Administration from Northwestern University. Additionally, Wilson has donated $68,999 to Republican causes and $40,311 to Democrat causes.

Profile Details

Total Political Contributions More information

Republican Support
Democratic Support
$68,999 $40,311

Affiliated Companies

Key Statements

"When you come to work, what they're really talking about is culture and what's your culture? And it really starts with saying, what's our purpose? So last year we redid our purpose, reaffirmed our values on diversity, talked about what behaviors we need. Then you got to figure out, who do you hire, how do you promote them, how do you manage performance?"

"And if business doesn't figure out how do we use our skills and capabilities to help them be better off? They will use the political system to get what they want like it or not. To date we have a bunch of those people who are unhappy who created an environment which is from a regulatory standpoint, maybe not from a trade standpoint. Regulatory standpoint has been good for business. That anger could be turned just as easily on taxes, regulation and what business. And so if we expect to be able to have the freedom to do what we do best which is create prosperity for America, then we got to engage in this political process. We got to make sure they think about us. We got to make sure we're thinking about them and help them get better off. "

"And 87% of Americans today think that businesses should do more than just make money. And to the extent we don't do that, they'll change our license. Could be increased regulation, could be higher taxes, could be they just change the form altogether. There's no reason that corporations have to exist in history. And I think if we don't get about it, we risk losing our license, which gives us the ability to make a difference in the world. And that's what most business people are trying to do. It's what everybody here is trying to do. And if we lose that license, then we don't get to do what we were put here for, which is to make a difference."

"We're interested in ESG, which is another hot button these days, or environmental, social governance, but also how you create new jobs, because creating jobs is what society expects of us."

Q: "Tom, you wrote an op ed in the New York Times that was titled 'Loud'. Here we go. Save capitalism by paying people more. What about capitalism needs saving?" A: "Well, it's not working for a lot of people. I think we're confused by looking at the unemployment rate at 3.6% or whatever it is and saying, like, everything's fine, and the points that you could notice where it needs saving. Less than half of millennials really believe in capitalism. They're not really sure what socialism is. When you look at the research, they don't really understand that."