Business spends 8 figures on employee's tongue
Your company probably spends a lot to insure its assets — but is your tongue one of them?
Britain’s Costa Coffee Company recently admitted to taking out a $14 million insurance policy on taste tester Gennaro Pelliccia’s tongue.
“My 18 years of experience enable me to distinguish between thousands of flavors, which enables me to protect and guarantee Costa’s unique Mocha Italia blend,” said Pelliccia.
Although competing chains like Starbucks have been scaling back their production and marketing efforts, Costa has so far avoided any ill effects from the recession and reported positive sales growth last year.
Pelliccia’s tongue is one of the most expensive assets to be insured, according to Lloyd’s of London. “The taste buds of a ‘master of coffee’ are as important as the vocal chords of a singer or the legs of a top model,” said a Lloyd’s spokesperson.
To put it into perspective, Bruce Springsteen’s vocal chords are also insured by Lloyd’s — but for only $4.8 million.
- Share on
Free Training & Resources
White Papers
Provided by Personify Health
Further Reading
Year after year, surveys show about 70% of job applicants lie on their resumes or applications. People lie about their skills, employers, c...
CFO turnover at Fortune 500 and S&P 500 companies is projected to hit 18.3% this year, well above the 16% average of the past decade, a...
A big reason employers are still allowing hybrid work is business benefits like reduced operating costs. But it’s also harder to ensu...
Whether it’s a big meeting or a quick huddle, the last thing you need is someone turning it into a personal gripefest. Negative or ...
CFOs hate to hear about poor financial literacy among workers, especially the folks they count as friends. The latest economic news on that...
Businesses are looking for competent number-crunchers. Some are even desperate to find talent. But the next wave of finance professionals i...
