At Allstate, profit soared more than sixfold in the decade after McKinsey’s program was put in place. Its share price more than quadrupled, handily beating out the broader markets. The pay of Allstate’s top five executives, tied to the share price just as the McKinsey partner Arch Patton had envisioned half a century earlier, shot up. In 1994 their combined compensation amounted to $2.95 million. A decade later it had reached $19.3 million. In 2020 the top five executives made a combined $38.2 million, led by the CEO, Thomas Wilson. By 2021 the average salary of an Allstate worker was about
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