As far as we can tell, Jon Andrew Boscia, 55, of Gladwyne, who is
stepping down as CEO from Lincoln National Corp. (
LNC), does not own a vacation house in Florida, does not vote Republican and does not even list golf among his hobbies like many other big-time CEOs. His
statement gives no clue as to his next move. But he certainly will have one if he wants, with a track record like his and a
total compensation last year of roughly $18 million, not including severance for voluntary departure. Boscia brought Lincoln to Philly from Indiana in 1999 and turned the company from a local unknown into a local icon when it bought the naming rights for the Eagles new football stadium for $139.6 million. It would turn out to be a great P.R. investment. Whatever the specific reasons for his departure now, Boscia can rightfully say he is getting out at the top of his game, having raised Lincoln's annual revenue by 50 percent, from $6.1 billion to roughly $9.1 billion. Still, we wonder what will Boscia do now? Return to Indiana? Go golfing? Not likely. Despite Lincoln Financial's largesse to
golfers and tournaments during his tenure, Boscia's list of avocations in the Marquis Who's Who does not include the links. He listed just jogging, racquetball, playing drums, swimming, reading. A quick scan of public records shows that his wife Donna is an active donor to Democratic candidates and a board member at Project H.O.M.E. He has a son Brandon and a daughter Nicole. And this little-known tidbit: The couple has endowed a scholarship under their names at
Point Park Univeristy in Pittsburgh. Philly may only be so lucky to keep him.
- Thomas Ginsberg
