First of all, the really bad news. IGAF Worldwide member firm Stone Carlie, based in St. Louis, MO recently lost their Managing Partner, Tom Valenti to a senseless act of violence. Family, friends and IGAF Worldwide member firms were able to follow Tom's ordeal through the postings that his wife, Carla, made on a website designed for this purpose.
And while it might seem gauche to even ponder 'business' at a time like this, it is worth pointing out that in addition to attending the funeral and other events to memorialize Tom, IGAF Worldwide members sent their internally developed 'partner loss' programs to Stone Carlie.
And so the question is this - Many firms have 'key man insurance' on their Managing Partner and/or other partners. And while cash is always handy, what plans to you have to deal with clients, the media and perhaps most importantly the lost partner's family?
For you, will a crisis like this truly become a disaster, or the implementation of plan that works, but that you hoped you would never have to use?
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