Excellent morning.
Barely a day goes by without hearing another huge company that’s taking unprecedented actions to deal with societal issues. Cynics one of CEO Daily readers roll their eyes once I say that, but something quite different is happening in the area of business now –unlike anything I have experienced at a four-decade journalistic profession.
I talked with Roger Crandall, CEO of MassMutual–that is another creature from many companies as it does not have shareholders and will be regulated by its own policyholders. In response to this outbreak, Crandall has provided totally free, three-year life insurance coverages to frontline healthcare workers. The business has made a simple online application that does not need a physical. The sole condition is that the individual live from the U.S., be no older than 60, earn greater than $250,000, and also be used or volunteer a minimum of 10 hours a month in a medical care or emergency healthcare supplier.
I inquired Crandall just how far the program will charge the provider. He explained anywhere from $20 million to $150 million, based on the number of individuals make the most of it. “You would be amazed how difficult it’s to give life insurance away,” he explained. (it’s possible to carry him up on the deal here.)
And because it is Friday, a few comments. BJ flocked into the optimistic voice in the people at Slack that invention with no office could be supported with digital tools.
“Offices failed to only offer white planks and water heaters; they supplied a large number of social, psychological and intellectual facets that fueled invention, by providing intersections of areas and consciousness of their borders at which the majority of the imagination resides. Picture IBM labs, HP Labs, Bell Labs, National Labs…. Seriously doubt these complex jobs will last from house.”
Additionally, a great deal of comment on my article Monday indicating Trump might have made company much improved, by forcing organizations to deal with problems that he was preventing –climate change, reevaluate security, diversity and improvement. “Good resumes. I approve,” composed BT. However, WHT cried to my announcement a new government could attract a raft of company regulatory steps, Many ill-conceived:
“Ill-conceived? What an arrogant statement to make. You are a specialist today?”
No specialist. However, I understand enough from three years in Washington to state that with assurance: a lot of regulatory strategies are ill-conceived.
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Alan Murray
@alansmurray
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