Unless you're showering your boss in praise and admiration, it's not a good idea to talk about them, and Allstate Corp. executive Joseph Lacher just found out the hard way.

In a move that rattled investor's confidence and sent the nation's largest publicly traded insurance company into a mini-tailspin, shares fell 5 percent when Allstate announced that their new president of auto and home divisions was no longer with the company.

Allstate, which purchased Esurance back in May of 2011, said in a press release that Mr. Lacher was, "leaving the company, effective immediately," but didn't say why. Executives who worked for Lacher were told to report directly to Thomas J. Wilson, Allstate's chairman, president and chief executive.

The explicit instructions to report to the head honcho were an effort to debrief employees on what is being reported as an alcohol induced outburst, explicit in nature, that got Lacher canned.

According to the Wall Street Journal some of Allstate's top-selling insurance agents heard the whiskey-fueled expletive, "f—ing a—," while sharing drinks with Lacher as part of a company event called the Leaders Forum, while others who are familiar with an internal investigation about the incident launched by Allstate all said Lacher was talking about Wilson, the chief executive at Allstate since 2007.

Another account has Lacher saying Wilson, "would have to be a f—ing a—," if he didn't feel responsible for the company's performance.

Whatever the case the message is clear, and clearly Allstate didn't agree with the slam against their CEO.

However, it seems that Lacher is the one laughing all the way to the bank with investors unsure of Allstate's future in auto and home insurance, which made up roughly 80 percent of the company's revenue last year.

"[Allstate has] tremendous opportunity, and I wish them all the best," Lacher told the Wall Street Journal on his way out the door.

—AJ Register