Business
For the past three days Funeral Director Daily has ran feature articles that deal with the major public companies in our profession — Matthews International, Service Corporation International, and Carriage Services. While lots of attention goes to those big companies I continually remind myself that “Death Care” is a local and home-grown business. …
Matthews International is a company that according to this rating action from Fitch, collects 45% of its revenue from its Memorialization Segment and also brings home approximately 60% of its EBITDA from that source. As you may know, Matthews International is the parent company of Aurora Casket and Matthews Cremation and other death…
In an effort to help alleviate some of the worker shortages in the funeral home profession the State of Minnesota Legislature passed what is known as the “Transfer Care Specialist” category for funeral homes this past session. That category of workers became effective on July 1 and is now in effect. In…
It was almost impossible last week to live in the United States and not know or hear about the Presidential Debate between President Joe Biden and former President Donald Trump. Even if you didn’t want to know it was happening, you knew anyway because it dominated the news and announcements on almost every…
I received the July 2024 edition of The Director and read many of the articles. One that interested me was authored by Curtis Rostad and was titled “Prices vs. The Internet”. I enjoyed the entire article and think the author makes a great point, but what really captivated me was his perception that almost…
Homesteaders Life Insurance Company of Iowa has been in the news a lot lately. The preneed company that issued its first policy for final expenses in 1906 most recently announced in this press release that they have formed a partnership with Gather’s case management platform. According to the press release, “The new…
Only a few years ago Dan Garrett of the United Kingdom founded the will writing company Farewill in that country. He estimates that his company has moved, via estates, a wealth transfer of more than 100 billion pounds of assets. He’s moved on to also start a firm in Direct Cremation with “Farewill…
Earlier this month ChurchFunerals Direct, an Ohio-based funeral services provider made this announcement that they had formed a partnership with the Ohio Association of Regular Baptist Churches (OARBC). According to the announcement, ChurchFunerals Direct is now “the official state funeral provider for the 134 churches in the OARBC. According to Mark May, ChurchFunerals Direct…
Tesla CEO Elon Musk recently received a new wage package from the Board of Directors and it has caused Tesla, Musk, and the amount of Executive Pay to be in the spotlight. For the record, Musk just received a 10-year pay package valued at $47 billion over the next ten years. It…
About the time that I had completed two-thirds of my term as a member of the University of Minnesota’s Board of Regents the University hired a new President. Her name was Joan Gabel and she became the first female President of the University of Minnesota, coming to the U of M after…
