How will JP-Lincoln keep vultures at bay?
JP CEO Dennis Glass told Buzz in an interview recently that it is always a challenge making sure the best leaders stay with a company during a merger.
Here's a little bit more of what Lincoln CEO Jon Boscia told media and analysts in an earnings conference call recently:
What we're doing in fact right now is developing on a concurrent basis the next level down, both in terms of organizational design, the competencies to do the job, the candidates for the jobs, identifying which candidates would be part of the ongoing Lincoln candidates are critical to retain as we go through the integration and closing process.
We will be communicating as we get more and more of this information with individuals specifically about their status. Clearly, whenever you have a combination of companies like this, and we've been open with our employees in saying there will be people who will lose jobs, you know you have to put in place retention programs to keep your key talent and motivate people you want on an ongoing basis, and lots of focus, including at the highest levels, myself and Dennis Glass, is being applied to that.