Elephant Attacks Tech Guru Tom Siebel
ELEPHANT ATTACKS TECH GURU TOM SIEBEL
It was over two years ago when Silicon Valley's tech billionaire and entrepreneur Tom Siebel decided to venture to Africa on a walking safari tour. Siebel, founder of Siebel Systems (sold to Oracle for $5.8B), was attacked and severely injured by a charging elephant in Tanzania. The raging 6 ton animal attacked the 56 year-old Siebel, goring his thigh, shattering his leg, and breaking several of his ribs.
The guide and Siebel were able to radio for assistance, but it was three hours before they received any medical treatment; followed by a 20 hour flight back to the states. During the flight home, Siebel lost two-thirds of his blood.
Siebel was lucky - most people don't survive these types of attacks. Had Siebel embarked on his safari adventure prior to or during the sale of his company, the impact to the organization would have been financially devastating. Tom was the heart and soul of Siebel Systems, and there's no hiding from the fact that an organization's success is directly tied to its key human capital executives.
All successful companies, no matter the size, have key individuals driving the success of the business. What happens when those key executives become disabled?
With 16 invasive surgeries over the last 2 years and a slow healing process, Tom Siebel is a prime example of the reality and risk of disability facing key executives. Adding High Limit Key Person Disability insurance coverage is a prudent solution and provides a benefit to the company to stabilize financial and management structures. Managing human capital risk is a critical component to protecting a company's value.
Whether your client is a C-suite executive who enjoys a wild safari, a hedge fund manager with a passion for cycling, or business owner spending time in Latin America for global expansion or just crossing the street in New York City, Exceptional Risk Advisors, LLC is your human capital risk solution with binding authority up to $125M on any one individual for Key Person Disability insurance.
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