Father’s Day: 10 business and life lessons I learned from my dad

When my father started his business in 1975 with $16,000 in his savings account, he was 27 and scared – yet determined to listen to a loud inner voice calling him to help others. Forty-two years later, having grown BAYADA Home Health Care to a $1 billion organization with 25,000 employees serving more than 100,000 people each year, my father announced an innovative and unchartered path to succession. Instead of taking his private, family-owned company public, selling it to private equity or passing it down to my siblings and me, my father decided to put mission over money by transitioning the business into a nonprofit that he will steward as chairman beginning August 17 – his 70th birthday.

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The Penn Mutual Life Insurance Company and CEO Eileen McDonnell Honored with 2017 EY Entrepreneur of the Year Award

Recognized in the Transformational category for growth and innovation

June 09, 2017

HORSHAM, Pa.–(BUSINESS WIRE)–The Penn Mutual Life Insurance Company (Penn Mutual) is delighted to announce that chairman and chief executive officer Eileen McDonnell, representing Penn Mutual, was the recipient of the 2017 EY Entrepreneur of the Year Greater Philadelphia award. McDonnell and the company took top honors in the “Transformational” category, and was recognized along with other regional leaders across varying categories.

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Today, Governor Tom Wolf and DCED announced more than $6.2 million in PIDA funding that will support economic development projects across five counties. The funding will create 184 new, full-time positions.

The Pennsylvania Industrial Development Authority program provides low-interest loans for eligible businesses that commit to creating and retaining full-time jobs and for the development of industrial parks and multi-tenant facilities.

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