In March of year 2009, Lincoln Financial Group's CEO Dennis Glass was dealing with a tough choice regarding how he would renew his business's capital, which might rapidly be up to precariously low levels as an outcome of the financial crisis. The expense of raising capital in the personal sector was much greater than a federal government bailout, the latter likewise came with strings connected, consisting of limitations on executive payment, constraints on dividends and prospective damage to the business's brand name amongst its stakeholders.
Glass had to weigh the benefits and drawbacks of personal capital versus federal help, or in some way integrate the 2. This case examines the effect of the financial crisis on the life insurance coverage and annuity market by evaluating the choices readily available to Glass at Lincoln Financial.
PUBLICATION DATE: May 26, 2010 PRODUCT #: 310137-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE