Business Blooper: Buried by a Bonding Rule

Podcast: bsnsHistory · bsnsBasics

Opublikowano: 2026-09-18

Some empires don't collapse from a bad product. They collapse from a rule nobody read closely enough. Through the late 1980s and early 1990s, Ray Loewen built The Loewen Group into the second largest funeral home company in North America, buying up small, family-owned funeral homes across the United States and Canada while deliberately keeping their local names on the door. In 1995, a contract dispute with Biloxi funeral home operator Jeremiah O'Keefe went to trial in Jackson, Mississippi, and a jury returned a $500 million verdict, the largest in state history. Unable to post the $625 million appeal bond...