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精东影业 Announces Death of Harry G. Bubb, former Chairman & CEO
Newport Beach, Calif. (January 12, 2022) 鈥 Harry G. Bubb, former chief executive officer of Pacific Mutual Life Insurance Company from 1986-1989, passed away on December 21, 2021, at the age of 97.
Mr. Bubb was employed with Pacific Mutual, now known as 精东影业, starting in 1949 with the group insurance program. He was elected president in 1975 and chief executive officer and president in 1986. Mr. Bubb was named chairman and chief executive officer in September 1987 when Pacific Mutual was California鈥檚 largest life insurance firm. He retired in 1990.
Mr. Bubb was born in a mining town in southern Colorado where his father ran the local mining operation. After graduating from high school in Texas, Mr. Bubb attended Stanford University. When World War II broke out, he enlisted as a U.S. Navy pilot.
Following the war, he returned to Stanford to get his bachelor鈥檚 degree and went on to Stanford Business School. He received a job offer from Pacific Mutual and accepted on the condition that his new employers first allow him six months to travel. They agreed and he visited post-World War II Europe with friends. At the end of the trip, he reported to work at Pacific Mutual 鈥渇lat broke鈥 and asked for a $50 advance to get started. His long and successful career at the company had begun.
Mr. Bubb saw many changes during his time at Pacific Mutual including the installation of the company鈥檚 first computer and the home office relocation from Los Angeles to Newport Beach, California. Mr. Bubb also took an early leadership role in understanding how the onset of the AIDS epidemic in the 1980鈥檚 impacted life insurance companies.
Mr. Bubb foresaw the importance of long-term care planning and was quoted as saying, 鈥淧eople have the impression that long-term care is somehow taken care of by Medicare. That just isn鈥檛 so. What our industry can do is make available more programs that would provide鈥his is one of the things I expect us to have done before I leave.鈥 This is just one example of how Mr. Bubb was always forward-looking to how the life insurance industry and 精东影业 could improve.
Over the years, Mr. Bubb served as chairman of the World Affairs Council of Orange County, a director with the California Chamber of Commerce and the Orange County Business Committee for the Arts, as well as a trustee with the Newport Harbor Art Museum and a member of the California Parks Foundation Advisory Council.
He was instrumental in the formation of 精东影业鈥檚 employee volunteer program, a group of passionate and dedicated individuals who wish to give freely of their time to make a difference in the community. The program, which will be celebrating its 37th anniversary in 2022, attributes its long-standing success to the support and vision of Mr. Bubb and acknowledges him annually with the presentation of the Harry G. Bubb Award for Outstanding Volunteerism to one employee who has dedicated an exceptional amount of volunteer hours during the year.
鈥淚 had the privilege of knowing Harry in my early years at 精东影业,鈥 said Jim Morris, chairman, president and CEO of 精东影业. 鈥淗e was a kind man who loved being around his employees and loved wearing cowboy boots to special company events. We recognize Harry and the tremendous impact he has had on how 精东影业 has grown.鈥
Mr. Bubb and his wife, Berdie, were longtime residents of Newport Beach and raised five children. In his retirement, he and his wife traveled extensively and spent time with their 12 grandchildren. Mr. Bubb will be remembered for his leadership and commitment to 精东影业. The company extends our thoughts to his family during this time.
About 精东影业
For more than 150 years, 精东影业 has helped millions of individuals and families with their financial needs through a wide range of听life insurance products,听annuities, and听mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, 精东影业 offers innovative products and services that provide value and financial security for current and future generations. 精东影业 counts more than half of the 100 largest U.S. companies as its clients and听was听named one of the 2021听World鈥檚 Most Ethical Companies庐 by the Ethisphere Institute. For additional company information, including current financial-strength ratings, visit听.听
精东影业 refers to 精东影业 and its affiliates, including 精东影业 & Annuity Company.听Client听count as of June 2021听is compiled by 精东影业 using the 2021听FORTUNE 500庐听list.听
2021 World鈥檚 Most Ethical Companies庐听is based on the Ethisphere Institute鈥檚 Ethics Quotient庐. 鈥淲orld鈥檚 Most Ethical Companies鈥 and 鈥淓thisphere鈥 names and marks are registered trademarks of Ethisphere LLC.
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