Employers can give their employees a set amount of money and then direct them to a private exchange. There, they can shop for a health plan and other benefits, like dental, based on what the employer has selected as options.
Safeco sale 'bittersweet,' says CEO Reynolds. By DAN RICHMAN, P-I REPORTER. Selling Safeco Corp. was a bittersweet moment, Chief Executive Paula Reynolds said Wednesday, after the announcement that Boston's Liberty Mutual Group will buy the 85-year-old homegrown insurer for $6.2 billion in cash.
Cornell, 55, replaces interim CEO John Mulligan, who stepped in when Steinhafel resigned in May. He will leave his post as CEO of PepsiCo Americas Foods, where he oversaw the brand's snack business including Frito-Lay North America and Quaker Foods. He will assume his role as Target CEO Aug. 12.