New York Life Insurance Company (NYLIC)

New York, New York
Insurance

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

New York Life Insurance Company scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, New York Life Insurance Company (NYLIC), increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. NYLIC forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company pledged $2.5 million to BLM and related causes and funds multiple LGBTQ organizations. NYLIC has donated to the Equality PAC. NYLIC is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The company is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, New York Life Insurance receives a High Risk rating.

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Board Bias

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CEO of New York Life Insurance Company (NYLIC)

Craig L. DeSanto

Craig L. DeSanto

Summary:

Headquartered in New York, New York, New York Life Insurance Company (NYLIC) is a member of the Fortune 250 operating in the Insurance industry. Craig L. DeSanto and Craig L. DeSanto serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $140,313 to Republican causes and $129,820 to Democratic causes. Under their tenure, New York Life Insurance Company (NYLIC) currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$140,313

$129,820

Republican

Democrat

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