Regence cuts its losses
Here's an interesting story about the health insurance giant killing off a stinker eight-figure investment that it made just a year before.
| Posted at 11:46 AM | Permalink |
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Comments (4)
There's no money in life, death is where it's at.
The trick is to keep up barely alive for as long as possible.
Posted by Ralph Woods | October 20, 2011 1:57 PM
“The business model, under which the acquisition was made, did not gain traction in the market,” ... they should have served wine with the corporate work out program... just say'n
Posted by class clown | October 20, 2011 2:13 PM
No wonder Regence has had to cut its losses on this one. The organization is now rife with addle-brained thinking that continues to stray from the core insurance business. Here is a classic bit of corporate-speak in the form of a direct quote from the posted vita of Mohan Nair, one of the Regence senior executives:
"He guides an agile and multitalented team of idea igniters. This team called Innovation Force (IF), inspires ideas from every source, isolates and incubates select execution focused ideas and ignites them into products on new businesses." Say what??
Posted by Everyone knew her as Nancy | October 21, 2011 12:26 PM
Bravo to the Lund Report for reporting on this!
Posted by Pete Buick | October 22, 2011 2:15 PM