Word: cigna
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Dates: during 1980-1989
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...uncertainty, a number of corporations, including Pacific Bell and Cigna insurance company, are now allowing AIDS sufferers to stay on the job as long as their failing health permits. Three years ago, when two BankAmerica employees in San Francisco flatly refused to work with an AIDS victim, the company let the objectors resign and kept the disease victim in | his post. Says Nancy L. Merritt, a BankAmerica vice president: "We recognize the therapeutic value of employees being allowed to work as long as they can." At the San Francisco headquarters of Levi Strauss, the blue jeans manufacturer, an AIDS victim...
...past four years, the SEC has filed some 77 insider-trading suits, more than it started in the preceding 32 years. Only two weeks ago, the First Boston investment firm was forced to give up profits of $132,000 and pay a $264,000 penalty for making trades in CIGNA stock based on intelligence it had garnered from company insiders. Last year R. Foster Winans, a former Wall Street Journal reporter, was sentenced to 18 months in prison for trading in stocks that he had intended to plug in his column for the paper, and Paul Thayer, former chairman...
...allay shareholders' fears. "The Bhopal tragedy is without precedent," said an official statement. "But considering both the insurance and other resources available, the financial structure of Union Carbide is not threatened." The company would not reveal the source or the extent of its insurance protection against industrial accidents. Cigna, a Philadelphia-based financial-services company, disclosed that it could be responsible for a tiny fraction-no more than about $1 million-of Union Carbide's potential insurance claims. Said a Cigna spokesman: "Our exposure is minimal and certainly will have no effect on earnings...
...Cigna...