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Good stuff from inside the Globe and around the globe |
September 29, 2003 10:54 AM
John Hancock sold for $10,900,000,000
Posted by Jason Butlerat 10:54 AM
Boston icon John Hancock has been sold. The good news: the deal safeguards most jobs.
Executives yesterday said Hancock would remain a "major employer" in Massachusetts, where it has 3,800 people, and Manulife 600 more. Hancock also extended for four more years a deal it had made with state regulators that would guarantee at least half of Hancock's work force would be based in Massachusetts.
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