Stranger then Blue Canaries.
The Mad Frenchman passed on a article from the Houston Chronicle about Walmart taking out an life insurance policies out on some of it's lower level employees without their knowledge. Writing off the premiums as a business expense, then when the employee dies collecting the money. Apparently this is a common practice in many companies. The insurance industry calls them "dead peasant" and "dead janitor" policies. Can I have OMG from the house? Think about it somewhere in the accounting department is two people looking over a list of employees. "So you think Fred looks well?" says the Chief something officer. "Yeah he will not do, pick Sarah she is taking up sky diving." Replies the director of things no one talks about. "Well that is settled … now lets look at last month profits. ... pass me that news paper"