Financial Report Of Loewen Group Inc.

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Issue:

Business

 

Written by:

Natalie N

 

Date added:

February 23, 2015

 

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Grade:

C

 

No of pages / words:

14 / 3709

 

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8955 times

 

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Essay content:

L.G.I. owns 918 funeral homes and 269 cemeteries and also engages in the pre-need selling of funeral services including cemetery and cremation services. The company strives on respecting its Eagle Principle, which is displayed on the first page of its 1995 Annual Report: "To soar to heights of possibilities one needs two equally healthy, strong wings - one being that of people or service concerns, the other that of responsible planning and fiscal management...
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It is the balance of these wings that enables the eagle to soar beyond all heights"1 In 1995, the company defended itself against two major lawsuits, as well as continued to negotiate acquisition agreements. The Loewen Group Inc. stresses that once an acquisition has been completed, local management is encouraged to remain and offers long term contracts to its key employees, rarely dismissing the other employees...
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