Month: January 2025

Five Tips for Communicating in a Crisis | eNews from OWC

The following best practices have never been more relevant than today:

No more “thoughts and prayers”: Express compassion without spouting the same trite and empty phrases. Shareholders, customers and employees want to hear genuine words of comfort. These should be sincere and well-timed – nothing lengthy and repetitive. Offer support with actions and resources. Press conferences are to deliver facts, not for self-aggrandizement, repetition of false information or the same talking points or “I” statements. The best use “we,” not I

Don’t make promises that can’t be kept: Even high-profile leaders can be haunted by their own words. Before leading rehabilitation efforts for last week’s catastrophic fires, LA Mayor Karen Bass was accused of breaking her pledge to cut back on international travel by traveling to Ghana. Making that promise didn’t help her then or now. Now is the moment to be transparent, clear and even apologetic, but once it’s out there, it’s front-page news.

Update your social media:  A company’s social media feed needs relevant and timely messaging, particularly when a crisis strikes. Adjust and change pre-scheduled posts with inappropriate messaging, like referring to “getting lit” or using a natural disaster to promote a certain product.

Read the room: If your company claims to prioritize people, show it. Even Beyoncé knows it’s the wrong time to make concert announcements. Hold off on your “year-ahead” newsletters and refrain from distributing any promotional content to project an understanding of the current climate. Better to stay silent than to do damage control later.

Have a crisis plan: Disaster, like our current Los Angeles fires, often strikes without warning. A proven way to mitigate it is preparedness. A crisis plan should include a designated spokesperson, holding statements, potential social media posts and a roadmap for alleviating the situation. Any plan should be easy to access and reference so teams can quickly pivot and respond.

Honesty, authenticity and compassion are all we have in the aftermath of crisis. But solid and transparent communication builds trust and, most importantly, strengthens communities. We’ll get through this together.

Resources for Fire Relief

Please find the following links to state and local property tax relief for our clients, family and friends:

SBA low-interest federal disaster loans available to Southern California businesses, homeowners, renters and private nonprofit (PNP) organizations – https://www.sba.gov/funding-programs/disaster-assistance

State Board of Equalization – https://www.boe.ca.gov/proptaxes/disaster-relief.htm

Los Angeles County Assessor’s office – https://assessor.lacounty.gov/tax-relief/disaster-relief

The Los Angeles Times’ guide to giving back – https://www.latimes.com/california/story/2025-01-08/how-to-help-victims-of-pacific-palisades-eaton-and-hurst-fires

OWC Secured Coverage for CompoSecure in American Banker

Does a credit card made from the panels of a retired Boeing 747 airplane spur consumers to use it more often?

Credit card issuers such as American Express, Apple, Capital One and JPMorgan Chase and manufacturers such as CompoSecure and Giesecke+Devrient have been betting for years that migrating from first-use plastic to sustainable materials will create a halo effect that attracts more users and spurs those consumers to choose that card as their primary option. That’s especially true with premium card brands with robust perks and benefits that cater to super prime and high-net-worth individuals.

The materials used in credit cards have evolved since the metal card was first introduced with the American Express Centurion — also known as the Black card — in 2003, CompoSecure’s Wilk said.

Brokerage firm Robinhood has a credit card made of solid gold. Delta and American Express have partnered twice to issue cards made from the panels of retired 747 airplanes. CompoSecure manufactures credit cards made of glass and German-based bank Trade Republic offers a metal credit card polished to look like a mirror. Revolut offers a reinforced steel card in rose gold and lavender, among other colors. And wooden credit cards have gained popularity amid sustainability-minded consumers.

Portfolios that deploy metal cards are growing rapidly as financial institutions and fintechs look to create an elevated brand experience for their customers, Wilks said. “It helps create stronger acquisition of new customers and it helps drive spending for the cards becoming top of wallet. Those two drivers … are the lifeblood of the credit card business.”

Read the full article: Why ‘green’ cards are falling short of revenue expectations

OWC Secured an Article for iQ Academy in Glendale News-Press

Forty students, faculty, and parents from iQ Academy, an online school serving elementary to high school students, came together at Adventist Health Glendale on Dec. 19 for a day of giving and community service.

The students assembled 100 care packages for oncology nurses and patients. The hospital provided refreshments as participants packed and decorated festive goody bags and stockings filled with candy, chocolate bars, stocking stuffers and handwritten holiday cards.

The students and families handed out gift bags to nurses and patients throughout the hospital, spreading holiday cheer and gratitude.

The event, returning after a four-year hiatus due to the pandemic, was inspired by personal stories from the iQ Academy community, highlighting the strength of oncology patients and the compassion of the nurses who care for them.

For a virtual school where most interactions occur online, the gathering provided a meaningful opportunity for students and families to connect in person.

Read the full article: iQ Academy Brings Cheer to Adventist Health Glendale