The LDS Beneficial Life Bailout Was a Disgrace to Religious Stewardship
The Beneficial Life bailout exposed a disgraceful gap between religious stewardship and corporate practice. Deseret Management reported injecting $594 million into the Church-owned insurer, while later whistleblower evidence identified a roughly $600 million withdrawal from Ensign Peak. Substantial dividends eventually returned to the parent company. That financial recovery does not excuse the investment failures or…
