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Risk-taking risk managers: whether it's jumping off a cliff or driving a race car, these two risk managers use their skills to manage exciting hobbies.


John Hach, a risk manager for Cleveland-based Lincoln Electric Lincoln Electric NASDAQ: LECO is a company in Cleveland, Ohio, United States that manufactures arc welding equipment. They are a worldwide leader in production of welding equipment and have subsidiary companies around the globe, including recent strong growth in China.  Co., a manufacturer of arc welding equipment, spends his weekdays working to protect the company from risk. But on his free time, he enjoys soaring up to 60 mph, up to 5,000 feet in the air, hanging on to what amounts to a giant kite.

Hach said he loves the feeling of flying that comes when he straps on the 60-pound aluminum hang glider hang glider: see glider.  and jumps off a cliff. The thrill of flying is not a conflict with his day job, he insists.

"A risk manager's job is not to avoid risk; it's to manage risk," Hach said. "It's easy just to avoid it, just buy insurance, or don't take any risk. But without risk, there are no rewards. Hang gliding hang gliding

Sport of flying in unpowered aircraft that are light enough to be carried by the pilot. Takeoff is usually achieved by launching into the air from a cliff or hill. Hang gliders were developed by the pioneers of practical flight.
 is the same way. You have to manage the risk. The potential for catastrophe is definitely there, but people who manage it get the most reward."

The reward is the personal satisfaction that comes from hang gliding, he said. "You're flying like a bird. You're free, and you are in total control," Hach said.

Hach does follow safety procedures, including wearing a helmet and a parachute in case something goes wrong. He also has a special rider on his life insurance policy to include coverage in case he is killed while hang gliding. Hach's been hang gliding since 1980, and also mountaineers--he's twice climbed Mount Rainier--and enjoys snowboarding and skiing.

Life in the Fast Lane

Risk manager Mike Benishek of Palmetto, Fla., manages risk for the 40 privately held companies privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly.
 under PTG PTG Polymer Technology Group
PTG Play The Game (online gaming)
PTG Pietersburg, South Africa (Airport Code)
PTG Pearson Technology Group (Canada) 
 Management Co., the largest entity of which is Pacific Tomato Growers. As a risk manager for the largest grower, shipper SHIPPER. One who ships or puts goods on board of a vessel, to be carried to another place during her voyage. In general, the shipper is bound to pay for the hire of the vessel, or the freight of the goods. 1 Bouv. Inst. n. 1030.  and packer of fresh-market tomatoes in the country, Benishek's job requires him to travel around the globe in an effort to reduce risk at various locations.

Closer to home, you often can find him racing a modified Miata, using both speed and precision driving to slalom around orange cones. At speeds of up to 60 mph on an autocross au·to·cross  
n.
A competition for automobiles that tests driving skill and speed.



[auto(mobile) + (moto)cross.
 course--which has cones to drive around--or up to 90 on a straight oval track It has been suggested that and be merged into this article or section.  without cones to dodge, Benishek said racing cars This article is about the Welsh pop band. For auto racing, see Racing cars.
Racing Cars is a Welsh pop band, formed in the Rhondda Valley, South Wales in 1973.
 is not dangerous.

"All of the appropriate risk management measures have been identified and addressed. If you have a car set up for it and you drive at your limits, at the end of the day, you'll have a smile on your face and the fastest time of the day," Benishek said.

As the head safety inspector for an amateur racing club Racing Club may refer to:
  • Racing Club de Avellaneda, an Argentine football club
  • Racing de Trelew, an Argentine football club
  • Racing Club Warwick F.C., English football club
  • RCF Paris (Racing Club de Paris), French football club
, Benishek oversees the safety of the individual cars competing in racing events, which are sponsored by two Florida-based car clubs. He said there are four safety posts on the course, each manned by three people with fire extinguishers and flags to warn drivers to stop, slow down or keep going. All drivers must wear helmets and cotton clothing, including long pants and a long-sleeve shirt, in case of fire.

Autocross driving has helped give him a new perspective at work, Benishek said. "I think of legal issues in these terms: 'I want to end up here, but if I turn too early, I'll go off course. If I turn too late, the other side will get to the finish before me.' It's a different way of looking at start-to-finish legal problems," he said.

Benishek is also a fan of other risky hobbies, including, like Hach, hang gliding. He also enjoys using electronic devices to hunt for radioactive rocks. The radioactive rocks, found in fields, can be used for science experiments, including placing the stones on undeveloped film, then developing the film to see what interesting images the radiation made. Benishek stores the stones in lead containers.
COPYRIGHT 2004 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:The Last Word; John Hach of Lincoln Electric Co. and Mike Benishek of PTG Management Co.
Comment:Risk-taking risk managers: whether it's jumping off a cliff or driving a race car, these two risk managers use their skills to manage exciting hobbies.(The Last Word)(John Hach of Lincoln Electric Co. and Mike Benishek of PTG Management Co.)
Author:Green, Meg
Publication:Best's Review
Geographic Code:1USA
Date:Apr 1, 2004
Words:622
Previous Article:Coming up ... in May.(Companies)
Next Article:The long haul.(Editor's Prologue)(Editorial)
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