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You&#39re fired – have a nice day

Your company is in financial turmoil, doom and gloom reigns and meltdown is just around the corner. So what do you do? If you are British, you probably get depressed and moan. But if you are South Korean and your economy appears about to collapse, you do something very different.

Last week, bosses at Samsung Life Insurance ordered staff to walk the streets of Seoul shouting upbeat slogans to defeat the financial crisis.

Other rituals included dancing to boost staff morale and forcing staff to cover their ears to block out the doom and gloom.

The Diary wonders whether there could be a lesson here for some of the less fortunate in the UK industry?

Perhaps GAN&#39s salesforce, dumped two weeks ago after the LAHC deal, should adopt a similar tactic – a performance of Death of a Salesman in Harlow High Street or, in keeping with the company&#39s former French parentage, a group mime of how to seala sale?


Widows&#39 PHI plan guarantees premiums for first six years

In the belief that there is a growing demand for PHI due to changes in state benefit legislation, Scottish Widows has taken its first steps into this market. It aims to be a top five provider within the next three years. The Disability Income Plan is reviewable, with premiums guaranteed for the first six years, […]

Britannia defends its withdrawal from IFA market

Britannia Life has defended its decision to pull out of the IFA market despite new research which shows that its broker consultants were highly regarded by IFAs. According to a survey by Centaur Research, Britannia Life&#39s broker consultants&#39 performance was voted one of the top three out of 18 life offices in 1997. It came […]


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