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Bentley hosts John Hancock executives as their company goes public
January 26, 2000
As the final step for its demutualization, John Hancock went public on January 27 after 137 years as a mutual company owned by policyholders. When the $1.7 billion initial public offering (IPO) -NYSE ticker JHF- became the second largest among U.S. financial services in history, 17 John Hancock executives with stock options, 14 of whom were Bentley alumni, visited the Bentley College Trading Room to experience live trading and participate in special seminars.
Participants particularly enjoyed Trading Room Director Jay Sultan?s demonstration on the dangers of day trading. A report from the company said that "watching the opening of the NYSE in that [Trading Room] environment was a very unique and exciting opportunity."
According to Reuters, the John Hancock IPO marks an ongoing effort among insurance companies to become a fully stock company. In many ways, this IPO is just the beginning of a long journey for John Hancock in a rapidly changing industry.
PHOTO CAPTION: Director of the Bentley College Trading Room Jay Sultan (left), Earl Baucom, senior vice president and controller of John Hancock, and Bentley College President Joe Morone (front center), with John Hancock executives.
BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education. For more information, please visit www.bentley.edu.
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