deseret management corporation revenue

These media sources are slightly to moderately conservative in bias. Are we overreacting about the future of Twitter? Copyright 2023 Deseret News Publishing Company. Your email address will not be published. %%EOF The recognizing date of the exempt status is July, 1941. All information is properly sourced to credible media outlets. management changes suddenly and confusingly Glassdoor gives you an inside look at what it's like to work at Deseret Management Corporation, including salaries, reviews, office photos, and more. McMullin said the companies he now oversees have weathered wrenching changes, and are now well-positioned to continue to adapt to a new and innovative world. 0000000944 00000 n If LDS were a corporation,Timecontinued, its estimated $5.9 billion in annual revenues would have placed it midway through the Fortune 500. only for your personal, non-commercial use. archived form does not constitute a republication of the story. The Board of County Commissioners of Brevard County, Florida, met in regular session on November 20, 2001, at 9:00 a.m. in the Government Center Commission Room, Building C, 2725 Judge Fran Jamieson Way, Viera, Florida. Bonneville International Corporation, which controls over two dozen top radio stations across six states, is also wholly owned by LDS throughDeseret Management Corporation, the churchs for-profit arm. Business and technology leader Nate Hatch has been named president of Deseret Digital Media. A negative amount is a de-obligation, money that was paid back to the agency . As CEO, co-owner and team principal of the Mercedes-AMG F1 team, Toto Wolff commands a billion-dollar enterprise that had an unbelievable run of success - until now. Thank you! .the same organization that existed in the primitive church. The next phase of Salt Lake City International airport is taking shape. Their national publishing imprint, Shadow Mountain, has enlarged the companys reach in promoting family values to a broader non-religious customer base. Hatch moves into the presidents chair at Deseret Digital Media after a stint as the companys chief technology officer. Hatch said he's looking forward to taking on the challenges of the new position and noted he's joining a "very, very talented" Deseret Digital Media team. Deseret Management Corporation v. United States - CourtListener.com Deseret Management Corporation v. United States, 09-273T (Fed. The technology is here, but politics may stand in the way. Deseret Management Corporation Jun 2013 - Jan 2020 6 years 8 months. Jeffs leadership at Deseret News has been critical in a time of great change, McMullin said. They are paid employees of the church, set up in such a way that the truth of this is obscured. The Deseret Management Corp. announced leadership changes at the Deseret News Wednesday, further enhancing its strong media role in Utah and the Intermountain West, as well as its continued expansion as a national source for in-depth news and commentary. I think the church kept the 710 AM frequency for another station, though. A positive obligation amount means the agency has or will pay the Vendor this amount. Further, one can see on my Tithing Bailout timeline that historically the church used funds to bail out the Utah Loan and Trust, the sugar company, and many for-profit efforts. $69,183 / yr. Edito salaries - 1 salaries reported. The Deseret News has . During the stock market crash of 1929 and the resulting economic depression of the 1930s Beneficial honored policy owner requests for policy loans and surrender payments, although deferring such cash payments was allowed by law. Both told employees their paychecks were less because they were using the Lords funds and widows mite. All DMC companies operate under a unified mission, to be a trusted source of light and truth influencing hundreds of millions of people worldwide.DMC companies provide content, services, and information through a diverse portfolio of companies, with the majority being media and communications brands. All answers shown come directly from Deseret Management Corporation Reviews and are not edited or altered. UPMA currently owns and operates the following residential properties in and around Salt Lake City: Entrance to the former ZCMI Center Mall in Salt Lake City, Farm Management Corporation (commericial farms and agricultural properties)Deseret Land and Livestock 200,000 acres of land in Rich, Morgan and Weber counties (Utah)Sun Ranch (Martins Cove)Deseret Ranches of Florida (Orlando) (largest ranch in Florida)Deseret Farms of CaliforniaRolling Hills (Idaho)West Hills Orchards (Elberta, Utah)Cactus Lane Ranch (Arizona), LDS Family ServicesProperty Reserves Inc. (PRI), Deseret Mutual Benefit Administrators (DMBA) http://www.dmba.com/, Welfare Squareis a complex in downtownSalt Lake City, Utahowned and operated byThe Church of Jesus Christ of Latter-day Saints, According to an official church Welfare Services fact sheet, the church gave $1.3 billion in humanitarian aid in more than 178 countries and territories during the 25 years between 1985 and 2010. UHC Network Claims EDI #39026, UHIS, P.O. Create Job Alerts Sign up to receive job alerts Deseret Media Productions Inc: 50 E North Temple St, Salt Lake City, UT 84150-9001: For journalists producing news content that continues to be delivered in new ways, he sees their work as "capturing truth, insight and perspective that bless people's lives and enhance their liberties.". But my claim that a billion dollar organization uses its income to pay its employees is not remarkable. "We didn't used to go after mom-and-pop businesses," Sweeney says. 0000024235 00000 n Her best-selling books include, most recently, Insights from a Prophet's Life: Russell M. Nelson, Women and the Priesthood, Worth the Wrestle, and Amazed by Grace. I believe that every successful product or service must ultimately bring people together in some way. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Find a Great First Job to Jumpstart Your Career, Learn How to State Your Case and Earn Your Raise. [3] All plans give access to our growing exclusive content! McMullin said he learned of the new appointment only shortly before the release from his assignment in the Presiding Bishopric. "His skill sets are well aligned with plans to continue to drive opportunities for the Deseret Digital Media brands.". . Slightly older image (1991) but more complete: I have often been told that the Church is a non profit making organisation, and was dependant on the tithes and offerings paid by the membership. It is a subsidiary of Deseret Management Corporation, a holding company owned by the Corporation of the President of The Church of Jesus Christ of Latter-day Saints. Sells shares of stock. Book of Mammon By subscribing, you acknowledge and agree to KSL.com's. Copyright 2023 Deseret News Publishing Company. DDM was initially formed to extend and enhance our respective brands that began over 160 years ago in print (the Deseret News) and 60 years ago in broadcast (KSL TV). Nov 21, 2022, 2:52 PM UTC averycomtemplates stuffed pussy pics home putting green apartments for rent newark nj purple bape hoodie price nylon tote bag. But the money doesn't come from news. Executive Vice President and Chief Content Officer, DMC, Chief Financial Officer, DMC and CEO, Beneficial Life, Senior Vice President and General Counsel, Beneficial Life, President, Bonneville International Corporation. Offering a pragmatic view for those feeling disconnected and under-represented in the polarized media scene, the Deseret News is dedicated to filling a void in quality journalism by being a convener of center-right ideas to help develop solutions for issues facing society. Longtime business and technology leader Nate Hatch has been named president of Deseret Digital Media, according to an announcement by Deseret Management Corp. CEO Keith McMullin Thursday. He and Willes worked closely to shape the corporation's recent business strategy. She has served on a number of advisory boards for startups, social good businesses and was a partner with Social Venture Partners, according to the release. A study co-written by Cragun and recently published in Free Inquiry estimates that the Mormon Church donates only about 0.7 percent of its annual income to charityhttp://mobile.businessweek.com/articles/2012-07-10/how-the-mormons-make-money. Man struck, killed by FrontRunner in Clearfield, Utah budget: Lawmakers finalize record $29 billion budget, Police say man killed by Farmington officers had gun; victim's mom filed suit over other traffic stop, Utah bill to close abortion clinics passes Legislature, Suspect in Dylan Rounds disappearance charged with murder, Utah father investigated for child abuse weeks before murder-suicide, Trapped fox 'severely' injures dog in Draper, prompts warning from city, 15-year-old boy dies after being found in crashed car with gunshot wounds, Jazz might post a 'point guard wanted' listing after turnover-fueled loss to Thunder, Northern Utah man faces 30 felonies in child pornography case, 14-year-old uses social media to track down man accused of robbing him. "I like 'Keith,'" he said when asked how the staff should address him. 0000006155 00000 n Farallon Capital Management LLC trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Get Rating) by 28.9% in the 3rd quarter, HoldingsChannel.com reports. Hosted by Bloomberg's Sonali Basak, "Next Big Risk" asks three titans of the financial industry what they see coming in the next 5 to 10 years. The Church owns profit-making businesses. The . Pingback: Litigation and the Mormon Church | Mormon Coffee. "We can be more open and responsive to those needs" and channel journalistic resources for the greater benefit of readers, he said. Hatch succeeds Greg Peterson, who will move to the newly created managing director of strategic initiatives for Deseret Management, where he served previously as chief revenue officer. Like most major churches, the exact tally of LDS assets is difficult to come by. AV.\|W First among its for-profit enterprises is DMC, which reaps estimated annual revenue of $1.2 billion from six subsidiaries, according to the business information and analysis firm Hoover's Company Records ( DNB ). Funding. The DMC board appointed McMullin to replace outgoing CEO Willes in a change McMullin said he was not expecting. 74 0 obj<>stream Get the latest Ares Management Corp (ARES) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. 9 See similar companies for insight and prospecting. In many respects that's the biggest challenge because it's the people that stay that you're counting on to continue to make these changes and continue to innovate and continue to be creative.". Gilbert also told Edmonds that "there was never a great business model for news content," and that the cost of producing news should be on par with generated revenue. Each year TSHC serves over 600,000 Temple Square guests. Delving into the interesting bits about any religion to stem from Joseph Smith Jr. HRI also owns many residential and commercial properties in the town as well as road management and public works service, t now operates under the direction of the Presiding Bishopric (This company reports directly to the DMC yet is called a department), ) is a non-profit corporation (the actual Church part of the church. Browse Jobs at Deseret Management Corporation by Company Below are links to all of the individual companies at Deseret Management. "I think Mark Willes has done an outstanding job, and under the most difficult of circumstances, and as a result has positioned these wonderful resources in a way in which the future is bright," McMullin said. His unique abilities are now being applied to other growth opportunities within DMC's family of companies.". One day he announced to the council the need to put . Shares of NYSE K opened at $67.68 on Monday. Information in the story may be outdated Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. It is Utahs oldest continuously published daily newspaper and has the largest Sunday circulation in the state and the second-largest daily circulation behind The Salt Lake Tribune. 0000000016 00000 n The Deseret Management Corp. announced leadership changes at the Deseret News Wednesday, further enhancing its strong media role in Utah and the Intermountain West, as well as its continued expansion as a national source for in-depth news and commentary. Bias Rating: RIGHT-CENTER Hatch succeeds Greg Peterson, who will move to the newly created managing director of strategic initiatives for Deseret Management, where he served previously as chief revenue officer. Google now lets you limit promos on sensitive topics. Cl. In 1960, President McKay decided that all general authorities, including the prophet should receive equal salaries, Deseret Management Corp Keith B. McMullinis CEO Board(First Presidency, Presiding Bishopric and three rotating of the 15 apostles). Robin Ritch was named president in a companywide announcement by Keith McMullin, CEO of Deseret Management Corp. Ritch succeeds Jeff Simpson, who will be leaving in June to serve a three-year ecclesiastical assignment for The Church of Jesus Christ of Latter-day Saints. DDM is expanding its reach both regionally and globally, allowing more people to make informed and trusted decisions with real benefits. Bonneville probably officially owns both. Sheri Dew, executive vice president of Deseret Management Corp., speaks during a BYU-Hawaii devotional held in the Cannon Activities Center in Laie, Hawaii, on Tuesday, Nov. 1, 2022. Greater Salt Lake City Area . "He's approved the strategies, and endorses the strategies, and it's just full speed ahead.". Nate brings some great experience both on the technology side and in entrepreneurial business development, Brown said. Intellectual Reserve, Inc(IRI) is a non-profit corporation (the actual Church part of the church, Deseret Industries(D.I.) Estimated read time: 3-4 It is one rule for the General Authorities, and another for the local membership. The LDS church has taken ambitious strides to preserve and grow its wealth over the years. The company also provides technical expertise for sister company websites Deseret.com, Church News and other digital assets owned by Deseret Management Corp. Nathan Hatch brings to Deseret Digital Media an impressive combination of entrepreneurial, digital and leadership talent that will extend its news and marketplace offerings to an even broader spectrum of consumers in Utah, the Intermountain West and beyond, McMullin said. SALT LAKE CITY Longtime business and technology leader Nate Hatch has been named president of Deseret Digital Media, according to an announcement by Deseret Management Corp. CEO Keith McMullin Thursday. A study co-written by Cragun and recently published in Free Inquiry estimates that the Mormon Church donates only about 0.7 percent of its annual income to charity. Radiant Digital owns content platforms that inspire 100 of millions of people through family and faith based content. In addition, the marketing department of Deseret Management is told they are paid from tithing (source, two friends who work there). or superseded by additional information. Deseret Management Corp. is the parent company of Deseret Digital Media. [citation needed], Last edited on 30 November 2022, at 04:53, the Church of Jesus Christ of Latter-day Saints, The Church of Jesus Christ of Latter-day Saints, Finances of The Church of Jesus Christ of Latter-day Saints, churchofjesuschrist.org: "Book of Mormon Pronunciation Guide", "Deseret Management hires former LA Times publisher", "Deseret Management Corporation announces the retirement of CEO Mark Willes, appoints Keith B. McMullin", "Deseret Management Corp. adds new senior vice president of global reach", https://en.wikipedia.org/w/index.php?title=Deseret_Management_Corporation&oldid=1124722673. Plaintiff filed its complaint against defendant on February 3, 2006, id., and the parties have been engaged In addition, Sarah Jane Weaver, editor of the Church News, will take on additional responsibilities as assistant editor of the Deseret News. Otherwise, they hold a right-of-center bias and report news factually. We are grateful to have a leader like Robin on the team who can step in without missing a beat.. Ad-Free Sign up It was established in 1966 [2] by church president David O. McKay [3] to hold already-existing church assets. DMC serves customers in the United States. 40 talks in 40 days for General Conference, Fundamentalist Church of Jesus Christ of Latter Day Saints, Deseret Mutual: Provides medical, dental, life, and disability insurance, retirement and savings benefits to Deseret Management Corporation employees, and health insurance to. A few days ago I published documents showing that the Church of Jesus Christ of Latter-day Saints had stockpiled $100 billion in an investment fund without ever distributing any money to religious . Deseret Management Corporation was organized in 1966 to manage some of the commercial companies affiliated with The Church of Jesus Christ of Latter-day Saints. Information in the story may be outdated In August 2019, they updated the website and changed its domain to deseret.com. [7], DMC is the holding company which owns the tax-paying companies that fall under the umbrella of the LDS Church. HVAO 75^RGo^&3`}[JV4N7-{#b@Fhn)vgT]~) QdJeKP)h(]}81$o8D.pX(gn23)9:nxH4'(0~LF@!eT CkAXho`F'"cPBi)%C&h@Nr|CO)sHv1nfNM ,KU>epG>cn&5vTal.wV8Mn)]cW0cdQ_Dhu32u-jwo :[?n/xBO> They often publish factual information that utilizes loaded words (wording that attempts to influence an audience by appeals to emotion or stereotypes) to favor conservative causes. Because that is simply not true. Page Metadata. Deseret Digital Media is one of the gems in DMCs family of companies, McMullin said. 0000032719 00000 n "Everyone wondered 'What are you going to do now that you're retired?' 0000003848 00000 n HVn@#{t+8I\52U^*[ n}$FV,xvxq&OjAPP40Z(&P6Rid9T+hf;`PuzrzRnF2! :* 8?Z]2FC3k49 M>8br7.$c(#uBcPp3a@Y Our people have been through it and weathered it in a wonderful way. Utah.com goes beyond borders connecting travelers near and far with carefully curated itineraries and firsthand travel advice. His extensive leadership history includes his work as president and vice chairman of the board of directors of General Mills. The mildly addictive KSL.com brings locals together with KSL News and KSL Marketplace, which includes Classifieds, Cars, Jobs, Homes and Services. The Deseret Management Corporation operates the 162-year-old Deseret News, Utah's oldest continually published newspaper and local radio and television station KSL. Grew audience engagements, drove traffic, facilitated revenue opportunities, developed . Deseret land and livestock hunting 1800mattress best high school show choir in america. Press Freedom Rank: MOSTLY FREE What happened during the 2023 Utah Legislature? Hatch has also held leadership positions at several companies, including C7 Data Centers, Times Mirror, Novell and WordPerfect. All Rights Reserved, Deseret Management Corp. names strategic initiatives director and new Deseret Digital Media president, Fed raises interest rates by 0.5%, the highest rise since 2000, While U.S. hits new job quitting record, this man set his own record 84 years at the same company, The U.S. housing market is historically overvalued. Learn how your comment data is processed. Salt Lake Tabernacle Corporation (EIN# 870569881) is an tax exempt organization filed with Internal Revenue Service (IRS). about 2,000 to 3,000 employees. The Radiant Foundation is currently championing two initiatives in The Spirituality Project and Faith & Media. Reading or replaying the story in its The current editor is Doug Wilkes. Accounting Associate, in Salt Lake City SUMMARY DESCRIPTION Great Part Time Job. Type: page: Date: 1976-06-16: Paper: Deseret News: Page: 3: OCR Text: Show $95,726 / yr. VIP Hospitality Host salaries - 1 salaries reported. ", McMullin now sees a core of his work as "fine tuning and looking on the horizons and seeing how we can deliver on the types of things we've discussed.". "KSL Marketplace provides people valuable help in finding what they wish to buy, locating where they wish to work, and selling what they wish to sell. annual revenue of $1.2 billion10% flows back to the corporation of the presiding bishopric. The top three sources will support my personal experience and experiences of people around me. Copyright 2022 Deseret Management Corporation. For more than 170 years, the Deseret News has served as a trusted news source contributing to national conversations by celebrating the perspectives of the New Westfrom its values and communities to its entrepreneurial spirit and more. She has a strong ability to think strategically and also the ability to operationalize at a very high level. To view this video please enable JavaScript, and consider upgrading to a 2013), illustrates the fact that goodwill may exist and be intermixed with business assets being transferred in. "Companies go through stages, and DMC is fortunate to have talented people who provide leadership commensurate with the needs of its companies. The profits are used to pay for the staff of these corporations. Start Your Free Trial is anon-profit organizationand a division of Welfare Services ofThe Church of Jesus Christ of Latter-day Saints(LDS Church). Factual Reporting: HIGH 2023 Youth Theme: I Can Do All Things. McMullin said Deseret Digital Media, launched in 2009, has grown to become one of the most vibrant companies in the Deseret Management portfolio. PresidentRoger G. Clarke, Polynesian Cultural Center (PCC) in 2010, net assets worth $70 million and collected $23 million in ticket sales alone, as well as $36 million in tax-free donations, MDU Resources Group, INC. Purchases stock from Ensign Peak Advisors, Zions Securities Corporation(ZSC) is a subsidiary ofProperty Reserve Inc., which manages property owned by theCorporation of the President of The Church of Jesus Christ of Latter-day Saints. Decreasing advertising revenues have affected media outlets across the board with online media delivery and other economic factors cutting into traditional revenue streams. This page was last edited on 30 November 2022, at 04:53. Rz.6ZgMlw:(o=}w'c J%1Fax_aF=10c>vtDUuDymf/8*y!fnWEMQ2nGI6\pZ$ga 6 MBFCs Weekly Media Literacy Quiz Covering the Week of Feb 25 Mar 3rd, The Latest Fact Checks curated by Media Bias Fact Check 03/03/2023, Daily Source Bias Check: The Event Chronicle, The Latest Fact Checks curated by Media Bias Fact Check 03/02/2023. Deseret Digital Media brands include KSL.com and KSL Classifieds. All Rights Reserved, Deseret News announces new president and leadership changes, Deseret News Publishing Company announces new leaders; Robin Ritch named president and publisher, The 2023 Utah Legislature has wrapped. Kellogg has a 52-week low of $59.54 and a 52-week high of $77.17. Deseret Management Corp. v. Commissioner, 112 AFTR 2d 2013-5530 (Ct. Fed. This site uses Akismet to reduce spam. Hal Boyd, previously with the Deseret News, returns in a new role as executive editor of Deseret National. It was established in 1966 [1] by then church president David O. McKay [2] to hold already-existing church assets. The Company offers insurance, retirement, investment, estate, employee benefits, business continuation, and executive compensation strategies. 0000001276 00000 n 0000025744 00000 n Claim your Free Employer Profile Website: www.deseretmanagement.com Headquarters: Salt Lake City, UT Size: 1001 to 5000 Employees Founded: 1966 Type: Company - Private Industry: Film Production Revenue: $500 million to $1 billion (USD) Founded in 1850, The Deseret News is a broadsheet newspaper published in Salt Lake City, Utah, United States. View contact profiles from Deseret Management Popular Searches Deseret Management Corp In review, Deseret News covers local news via journalists with minimal bias, such as this: Ogden police identify fatal crash victim. DMC has promoted an objective of developing and maintaining "trusted voices of light and knowledge," which McMullin said will apply to both its regional audience surrounding Utah and to a global marketplace. Get informative articles and interesting stories delivered to your inbox weekly. The fund owned 9,842,353 shares of the company's stock after selling 3,995,000 shares during the quarter. Deseret Management Corp - Keith B. McMullin is CEO Board ( First Presidency, Presiding Bishopric and three rotating of the 15 apostles) annual revenue of $1.2 billion 10% flows back to the corporation of the presiding bishopric. Another $6 billion of church money was said byTimeto be tied up in unspecified investments. All of these activities, it should be noted, are categorized as unrelated business income and subject to state and federal taxes.. As its president, Greg Peterson has provided valuable leadership in defining Deseret Digital Medias respective businesses and aligning the talents of its employees with those business interests. minor changes into this opinion. Today, TSHC continues to be known as the Hospitality Host of Temple Square and has grown into two catering facilities, four restaurants, a bakery, a full-service floral department and a contact center for all of Temple Square. Monique Saenz, BYU-Hawaii. It was established in 1966[2] by church president David O. McKay[3] to hold already-existing church assets. In fact the Church claims that it has an unpaid ministry. Interpret and share data with management. Chapter Eight: New Users, New Revenue Alternative ways to make money . "Building on the foundation so ably laid by his predecessors, Nathan will further enhance the services of KSL.com, services considered indispensable by millions of satisfied consumers each year. In a Church News article, Dew reflects that grieving is a . 2013) United States Court of Federal Claims Filed: August 22nd, 2013 Precedential Status: Precedential Citations: None known Docket Number: 09-273T Judges: Allegra Robin is a transformational leader, McMullin said in a news release. Beneficial honors its commitments. Heres how its spending your money, Parents know best: Rep. Burgess Owens wants to fund school choice at national level, 2023 Sterling Scholars semifinalists: Southwest Region, 2023 Sterling Scholars semifinalists: Northeast Region. Based in Salt Lake City, Bonneville International owns and operates 21 radio stations in Denver, Phoenix, Seattle, Sacramento, San Francisco and Salt Lake City as well as Salt Lake Citys Premier television station, KSL-TV. web browser that ", His second priority is making sure additional innovations "launch with confidence, because we have done our homework. "Deseret Digital Media is one of the gems in DMC's family of companies," McMullin said. And the team at DDM is well positioned to do just that.". On October 6, 2000, Deseret Management Corporation, through its subsidiaries Bonneville International Corporation and Bonneville Holding Company (collectively, the "Sellers") and Emmis Communications (the "Buyer") executed an Asset Exchange Agreement (the "Agreement"), in which the parties agreed to exchange the assets of KZLA for those of four Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Prepare annual budget and variance analysis. 0000024820 00000 n ABCs of Science and Mormonism now available in Print from Amazon! KSL Marketplace provides people valuable help in finding what they wish to buy, locating where they wish to work, and selling what they wish to sell. It is often assumed to reflect the values of its owner, the Church of Jesus Christ of Latter-Day Saints. Agreserves Australia LTD Kooba Station,Australia. online application, phone interview, face to face interview, Work Here? In addition, McMullin announced that Deseret News Editor Doug Wilks has been named executive editor of the Deseret News. This archived news story is available "He knows the strategies well," Willes said of McMullin. Salary. [4] DMC companies provide content, services, and information through a diverse portfolio of companies, with the majority being media and communications brands. Oops! . See all Right-Center sources. In April 2012, Keith B. McMullin was named as CEO, replacing Mark Willes. Bonneville Communications (Boncom): Advertising agency. Hatch moves into the president's chair at Deseret Digital Media after a stint as the company's chief technology officer. We are fortunate to have her in this role.. It is a subsidiary of Deseret Management Corporation, aholding companyowned by theCorporation of the President of The Church of Jesus Christ of Latter-day Saints. DMC's Board of Directors is made up of the church's First Presidency, three rotating members of the Quorum of the Twelve, and the Presiding Bishopric. These brands are indispensable for many in daily life.. [6], In October 2021, DMC hired Aaron Sherinian to a new role of senior vice president of global reach.

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