Tuesday, October 25, 2005
Encouraging News
The Business Journal reports on an employee meeting with Lincoln Financial CEO Jon Boscia and JP CEO Dennis Glass. Says Boscia:
"It's unfortunate, but all too often a company's charitable budget tends to become the personal (fund) of the CEO to help endear that CEO to his or her community. Lincoln many years ago said that doesn't make sense. ... As a result, moneys we give are highly related to the number of employees we have in a community."
Many people have been concerned that Lincoln Financial's acquisition of Jefferson-Pilot might have a dramatic and negative impact on the not-for-profits in Greensboro. While it seems clear that we will not have the same level of executive talent from the combined companies in Greensboro, there is hope for continuing or increasing corporate donations.
"It's unfortunate, but all too often a company's charitable budget tends to become the personal (fund) of the CEO to help endear that CEO to his or her community. Lincoln many years ago said that doesn't make sense. ... As a result, moneys we give are highly related to the number of employees we have in a community."
Many people have been concerned that Lincoln Financial's acquisition of Jefferson-Pilot might have a dramatic and negative impact on the not-for-profits in Greensboro. While it seems clear that we will not have the same level of executive talent from the combined companies in Greensboro, there is hope for continuing or increasing corporate donations.
