Letter From Loews's CEO and Chairman of the Board
Loews Corporation is a diversified company whose strategic imperative is, and always has been, to create value
for our shareholders over the long term. While our shareholders are crucially important, we also have long-term
responsibilities to all Loews’s stakeholders. The well-being of our employees, of the communities where we live
and work, and of our society at large is inextricably linked to our ability to achieve our value-creation goals.
We are known for being thoughtful stewards of capital with long-term perspectives. As such, we manage our
businesses and resources conservatively, taking advantage of opportunities presented by business cycles and
responding as circumstances, markets, and industries change.
As always, our focus is on sound, prudent management of our financial and human resources—and without paying
careful attention to the world around us, we’d be unable to be the effective managers we must be. That’s why our
sense of civic responsibility is intrinsic to how we conduct ourselves and to how we manage Loews. We encourage
our people to volunteer their time and share their resources in ways that make a positive impact in our
world—and we like to think we model this kind of engagement by being deeply committed ourselves to philanthropic
and social enterprise organizations.
At Loews we are proud of our notably collegial corporate culture, and we believe that it plays a major role in
helping us to achieve our strategic goals and to sustain the company’s organizational health. We are the sum of
the people who work here, and Loews employees at every level contribute to our collective success by
communicating openly, supporting one another’s work, and collaborating creatively to deliver optimum results. We
encourage each of our subsidiaries to foster, in their own ways, a culture that’s similarly open and respectful.
We have always believed that doing the right thing is paramount, and we've done the right thing as a matter of
course--usually without any public fanfare. For information about Loews’s corporate social responsibility
efforts and those of our subsidiaries, please see below.