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Ed Liddy
Edward "Ed" Liddy (born January 28, 1946) is an American businessman who was chairman of the Allstate Corporation from 1999 to 2008. In September 2008, at the request of the secretary of the U.S. Department of the Treasury, Liddy agreed to serve as interim chairman and chief executive officer of American International Group, Inc. (AIG). His placement in the role was one of numerous government actions to provide stability to U.S. financial firms during the 2008 financial crisis. Liddy requested a salary of just $1 a year. Early life Liddy was born in New Brunswick, New Jersey. After the death of his father in 1959, he moved to Clearwater, Florida, with his mother and older sister. He was a member of the first graduating class of Clearwater Central Catholic High School in 1964. He earned his bachelor's degree from the Catholic University of America (1968) and MBA from George Washington University (1972). Career Liddy began his career as a financial analyst with Ford Motor Comp ...
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New Brunswick, New Jersey
New Brunswick is a city (New Jersey), city in and the county seat of Middlesex County, New Jersey, Middlesex County, in the U.S. state of New Jersey.New Jersey County Map
, New Jersey Department of State. Accessed July 10, 2017.
A regional commercial hub for Central Jersey, Central New Jersey, the city is both a college town (the main campus of Rutgers University, the state's largest university) and a commuter town for residents commuting to New York City within the New York metropolitan area. New Brunswick is on the Northeast Corridor, Northeast Corridor rail line, southwest of New York City. The city is located on the southern banks of the Raritan River in the heart of the Raritan Valley Region. As of the 2020 United States census, the city's population was 55,266, an increa ...
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Donald Rumsfeld
Donald Henry Rumsfeld (July 9, 1932 – June 29, 2021) was an American politician, businessman, and naval officer who served as United States Secretary of Defense, secretary of defense from 1975 to 1977 under President Gerald Ford, and again from 2001 to 2006 under President George W. Bush. He was both the youngest and the oldest secretary of defense. Additionally, Rumsfeld was a four-term United States House of Representatives, U.S. Congressman from Illinois (1963–1969), director of the Office of Economic Opportunity (1969–1970), Counselor to the President, counselor to the president (1969–1973), the United States Permanent Representative to NATO, U.S. Representative to NATO (1973–1974), and the White House Chief of Staff (1974–1975). Between his terms as secretary of defense, he served as the CEO and chairman of several companies. Born in Illinois, Rumsfeld attended Princeton University, graduating in 1954 with a degree in political science. After serving in the U ...
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Robert Benmosche
Robert Herman Benmosche ( , May 29, 1944 – February 27, 2015) was the president and chief executive officer of American International Group (NYSEAIG. He was appointed President & Chief Executive Officer by the US Department of Treasury and AIG Board of Directors to succeed Edward M. Liddy. Benmosche is known for his leadership at AIG, where he led a turnaround and paid down government aid pledged by the Bush and Obama Administrations. Early life Benmosche was born in Brooklyn, New York. Benmosche traced his Jewish lineage back to Lithuania, where his great-grandfather, Moshe Kreiskol, was one of the first Jews to serve in the tsar's army in the 1830s. Benmosche's grandfather, Rabbi Herman Benmosche moved the family to the US in 1894. Benmosche's father died when Benmosche was 10 years old. His estate included a newly constructed motel in the Borscht Belt—the small towns in the Catskills where New York City Jews summered; and $250,000 debt. The family kept the motel. Benmosc ...
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CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Daytime television in the United States, daytime trading day, and early-evening hours, with the remaining hours (such as weekday prime time and weekends) are filled by business-related Television documentary, documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City. CNBC was originally founded in April 1989 as the Consumer News and Business Channel, a joint venture between NBC ...
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Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Although an instrument of the U.S. government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the president or by anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms." Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibi ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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American International Group
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of 2023, AIG employed 25,200 people. The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets. AIG is the title sponsor of the AIG Women's Open golf tournament. In 2023, for the sixth consecutive year, DiversityInc named AIG among the Top 50 Companies for Diversity list. AIG's corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000. AIG was ranked 60th on the 2018 Fortune 500 list. According to the 2016 Forbes Global 2000 list, AIG ...
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Los Angeles Times
The ''Los Angeles Times'' is an American Newspaper#Daily, daily newspaper that began publishing in Los Angeles, California, in 1881. Based in the Greater Los Angeles city of El Segundo, California, El Segundo since 2018, it is the List of newspapers in the United States, sixth-largest newspaper in the U.S. and the largest in the Western United States with a print circulation of 118,760. It has 500,000 online subscribers, the fifth-largest among U.S. newspapers. Owned by Patrick Soon-Shiong and published by California Times, the paper has won over 40 Pulitzer Prizes since its founding. In the 19th century, the paper developed a reputation for civic boosterism and opposition to Trade union, labor unions, the latter of which led to the Los Angeles Times bombing, bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. As with other regional newspapers in California and the United Sta ...
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Coldwell Banker
Coldwell Banker Real Estate LLC is an American real estate franchise owned by Anywhere Real Estate, with headquarters in Madison, New Jersey. It was founded in 1906 in San Francisco, and has approximately 3000 offices in 49 countries and territories. It publishes an annual house price guide, ''Home Listing Report''. The company does not issue loans; its name refers instead to a former managing partner. History After the devastating 1906 San Francisco earthquake and fires, Albert Nion Tucker, Colbert Coldwell and John Conant Lynch formed Tucker, Lynch and Coldwell on August 27, 1906. Benjamin Arthur Banker joined the firm as a salesman in 1913, and became a partner in 1914. The company changed its name to Coldwell, Kern & Banker in 1918. In 1919 the name became Coldwell, Kern, Cornwall & Banker, and in 1920, Coldwell Cornwall & Banker. Cornwall retired in 1940, and the company name changed again to Coldwell, Banker & Company, which was shortened to Coldwell Banker in 1974. Ba ...
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Homart Development Company
Homart Development Company, a Chicago-based subsidiary of Sears, was one of the largest builders of shopping centers and malls in the United States from 1959 to 1995. Company history As retail development in the United States shifted away from downtowns with the growth of suburbia after World War II, some major department stores such as Sears moved into the business of developing malls in which to place new anchor tenant locations. Homart Development Company was founded in 1959 for the purpose of building regional shopping malls for Sears. The "Homart" brand name had been used by Sears for many years before the development company was founded. (1945 Sears advertisement includes "Homart" products) Seminary South Shopping Center in Fort Worth was their first project.("Seminary South was the first shopping center developed by Homart Development") By 1971, Homart was operating nine regional shopping locations, and had numerous others in development. It became the nation's second ...
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Dean Witter
Dean Witter Reynolds was an American stock brokerage and securities firm catering to a variety of clients. Prior to the company's acquisition, it was among the largest firms in the securities industry with over 9,000 account executives (ranking third in the US in 1996) and was among the largest members of the New York Stock Exchange. The company served over 3.2 million clients primarily in the U.S. Dean Witter provided debt and equity underwriting and brokerage as mutual funds and other saving and investment products for individual investors. The company's asset management arm, Dean Witter InterCapital, with total assets of $90.0 billion prior to the acquisition, was one of the largest asset management operations in the U.S.Dean Witter, Discover Inc. – SEC Form 10-K Annual Re ...
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The Allstate Corporation
The Allstate Corporation is an American insurance company, headquartered in Glenview, Illinois (with a Northbrook, Illinois address) since 2022. Founded in 1931 as part of Sears, Roebuck and Co., it was spun off in 1993, but was still partially owned by Sears until it became an independent company completely in June 1995. The company also has personal line insurance operations in Canada. Allstate is a large corporation, and with 2018 revenues of $39.8 billion, it ranked 79th in the 2019 ''Fortune'' 500 list of the largest United States corporations by total revenue. Its long-running advertising campaign, in use since 1950, asks, "Are you in good hands?", and the recognizable logo portrays a pair of human hands. History In 1925, Sears held a national contest to decide the name of a new brand of car tires. After 2,253,746 name submissions from 937,886 participants, "Allstate" was chosen. Hans Simonson of Bismarck, North Dakota, received a $5,000 cash prize for his winnin ...
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