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Bob Benmosche

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and operations in different business units, using the knowledge he gained to become Chief Financial Officer of the company's retail business. As his career progressed at Paine Webber, Benmosche continued to gain new responsibilities, eventually earning a promotion to the position of executive vice president and director of operations, administration and technology. In that role, he oversaw the merger of Kidder Peabody's operations and systems with those of Paine Webber.
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On December 14, 2012, Benmosche announced that the U.S. government and American taxpayers received their full investment in AIG, plus a $ 22 billion positive return. Benmosche's management has been credited with leading the company back to profitability, the full repayment to the Federal Reserve Bank
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in 1995. He was later promoted to president and chief operating officer, and in November 1997 in his role as COO, oversaw individual and institutional as well as international insurance operations. In 1998 he was named chairman of the board and CEO. He retired in 2006. During his tenure, he oversaw
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and Information Science as a consultant. In 1975, Benmosche joined the Chase Manhattan systems group. In 1982, Benmosche joined Paine Webber to lead the development of Paine Webber's Central Asset Brokerage Account. During his 14-year tenure at Paine Webber, Benmosche gained experience in marketing
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in which he compared public outrage over AIG bonuses to the lynching of African-Americans in the Deep South, saying "the uproar was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that – sort of like what we did in the Deep South .
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In 2010, Benmosche testified to the Congressional Troubled Asset Relief Program (TARP) Oversight Panel, on May 26, that AIG would repay the U.S. Government and American taxpayers’ investment in AIG in full, with a profit. "AIG is now on a clear path to repaying taxpayers ... At the end of the day,
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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. Benmosche himself took a series of jobs, working there,
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Benmosche oversaw the sale of non-core assets in AIG's portfolio to pay down the $ 182 billion in government aid. Business units such as American Life Insurance Company (Alico), American General Finance, 21st Century Insurance, Nan Shan and AIA were sold.
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in 1966 with a Bachelor of Arts degree in Mathematics. From 1966 to 1968, Benmosche served as a lieutenant in the U.S. Army, serving a tour of duty in Korea in the U.S. Signal Corps where he led the setup of field communications.
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to bail out AIG with an $ 85 billion loan six months earlier, that eventually ballooned to $ 182.7 billion. His comments were labeled insensitive, offensive and tasteless by a number of commentators, with Congressman
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This was seen as a reference to the $ 165 million in bonuses paid out in March 2009 to employees of AIG's "financial products" division, which sold the credit derivatives that put AIG deeply in debt after the
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in December 2012, Benmosche said that he would stay at his current position for two more years. In August 2014, he accelerated the timetable of his retirement from AIG due to the progression of his cancer.
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In mid-2009, Benmosche was appointed CEO of American International Group. He assumed that role on August 10 of that year. He was recruited by Jim Millstein who was Chief Restructuring Officer at the
332:, 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. 312:. Benmosche is known for his leadership at AIG, where he led a turnaround, improved profits 60% year over year, and paid down government aid pledged by the Bush and Obama Administrations. 735: 1942: 1796: 410:, Croatia. In 2001, Benmosche bought the one-time discothèque and spent the next six years renovating it. In 2006, Benmosche purchased land and imported 1500 Zinfandel plants from 1548: 2052: 2077: 1351: 661: 1662: 792: 1398: 2087: 1220: 1329: 429:
During his first meeting with employees, Benmosche stated that Congress was composed of "crazies," that he would not cooperate if asked to testify before
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of New York, reducing the Treasury Department's stake in AIG to below 20% and the repayment of the 2008 $ 85 billion federal loan.
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Following the public outrage over the comments and Cummings' call, Benmosche apologized for the remarks two weeks later.
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Scism, Leslie; Lublin, Joann S.; Pleven, Liam (August 10, 2009). "AIG Chief: Loud Voice And a Listener's Ear".
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took over the role of CEO on September 1, 2014. Benmosche died on February 27, 2015, in Manhattan, aged 70.
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The New York Police & Fire Widows’ & Children's Benefit Fund named Benmosche as an honoree in 2012.
1994: 1819: 430: 38: 1906: 1212: 1081: 414:. In 2011, Benmosche's vineyard produced 3,000 bottles of wine under The Benmosche Family Dingac label. 1378: 1321: 2037: 2032: 2010: 1896: 1827: 600: 1886: 1842: 1766: 1520: 1461: 474: 692: 1868: 1832: 1010: 437:, who had investigated AIG, "doesn't deserve to be in government." He later asked for a personal 321: 305: 119: 1968: 1901: 1876: 1855: 1847: 1164: 627: 573: 395: 341: 161: 1891: 1716: 606: 354: 248: 150: 1295: 522:
magazine identified Benmosche as one of the insurance industry's "Tech-Savvy CEOs" in 2010.
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Paine Webber EVP and Director of Operations, Administration and Technology, 1987–1994
465:. He continued to work while also undergoing an aggressive oral chemotherapy regime. 379: 288:, May 29, 1944 – February 27, 2015) was the president and chief executive officer of 138: 1509:
AIG CEO causes outrage with comments comparing bonus criticism to lynching of blacks
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and said that he might quit over government-imposed pay restrictions.
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the U.S. government will make an appropriate profit," he testified.
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caddying, and later, driving a delivery truck. He graduated from
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The United States Life Insurance Company in the City of New York
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Andrew Ross Sorkin named Benmosche “2010 Executive of the Year”.
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American chief executives of financial services companies
1436:"AIG CEO: Bonus Uproar 'Just As Bad' As Racist Lynch Mob" 1160:"AIG selling 21st Century Insurance to Farmers Insurance" 398:, and successfully led its historic preservation effort. 793:"Treasury says to raise $ 5 billion from AIG stock sale" 1943:
National Union Fire Insurance Company of Pittsburgh, PA
1663:"Scene Last Night: Swizz Beatz, Michael Moore, Estelle" 1244:"AIG Changes Bylaw to Ensure Chairman's Independence" 1133:"AIG sells American General unit to Fortress at loss" 979:"AIG Changes Bylaw to Ensure Chairman's Independence" 662:"Robert Benmosche: Executive Profile & Biography" 582:
Metropolitan Life, EVP Individual Business, 1995–1997
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The Variable Annuity Life Insurance Company (VALIC)
1915: 1867: 1812: 1213:"Treasury sells big chunk of AIG stock at a profit" 1158:Lifsher, Marc; Zimmerman, Martin (April 17, 2009). 909:"AIG's Benmosche Scuttles Auction of Advisory Unit" 490:And I think it was just as bad and just as wrong." 382:for eleven years, Benmosche retired in April 2013. 266: 260: 232: 224: 216: 206: 198: 187: 177: 167: 157: 146: 127: 101: 82: 1379:"Outgoing AIG CEO given terminal cancer diagnosis" 1352:"Charlie Rose Talks to AIG Chief Robert Benmosche" 485:In September 2013, Benmosche gave an interview to 927:"Silent Films? With This Theater's Organ, Hardly" 548:magazine named Benmosche 2011 “Mover and Shaker”. 623:Good for the Money: My Fight to Pay Back America 588:, EVP Southern Division Sales Group, 1994–1995 1790: 8: 2053:American people of Lithuanian-Jewish descent 1549:"AIG's Bob Benmosche Reflects on His Career" 1322:"Benmosche beats back cancer to stay at AIG" 1057:"AIG sells $ 6bn AIA stake to pay down debt" 597:Paine Webber, Senior VP Marketing, 1982–1985 594:Paine Webber, CFO Retail Business, 1986–1987 2078:Deaths from lung cancer in New York (state) 902: 900: 864:. New York Military Academy. Archived from 529:magazine's Top 50 Business Leaders of 2010. 1797: 1783: 1775: 1737: 1401:, nytimes.com; accessed February 28, 2015. 353:Benmosche began his career when he joined 90: 79: 48:. Please do not remove this message until 1542: 1540: 767:"1 Thing to Focus on From AIG's Earnings" 68:Learn how and when to remove this message 538:Benmosche ranked #59 of Top 100 CEOs by 366:Benmosche left Paine Webber to join the 44:Relevant discussion may be found on the 1923:American General Life Insurance Company 1717:Robert H. Benmosche Executive Biography 1632:"100 Best-Performing CEOs in the World" 1604:Sorkin, Andrew Ross (January 3, 2011). 1462:"WSJ buries the lead deep on AIG's CEO" 1269:"AIG Chief Is Being Treated for Cancer" 1006:"AIG: The country's most tone-deaf CEO" 693:"Pay Czar Outlines Compensation Limits" 653: 579:Metropolitan Life, President, 1997–2004 1933:Fuji Fire and Marine Insurance Company 1606:"Roasting and Toasting The Dealmakers" 1332:from the original on September 1, 2014 1294:Jessica, Pressler (October 21, 2012). 765:Koppenheffer, Matt (5 November 2012). 461:In 2010, Benmosche was diagnosed with 390:In 2001, Benmosche purchased the 1923 1434:Gongloff, Mark (September 24, 2013). 1223:from the original on October 16, 2012 433:, and that New York Attorney General 378:After being a member of the board of 371:MetLife's successful transition from 7: 1693:"2013 Winner Insurance Hall of Fame" 1578:Newcomb, Peter (November 19, 2010). 1377:Wallace, Gregory (August 28, 2014). 837:"Recalling a Screen Legend's Legacy" 2088:American International Group people 1661:Gordon, Amanda (October 12, 2012). 1483:Pareene, Alex (24 September 2013). 1320:Berkowitz, Ben (January 24, 2011). 368:Metropolitan Life Insurance Company 554:2013 winner Insurance Hall of Fame 406:Benmosche owned Villa Splendid in 14: 2083:American chief financial officers 2063:American chief operating officers 1547:Burger, Kathy (January 6, 2011). 835:Leon, Masha (November 25, 2005). 2073:New York Military Academy alumni 1859:(current non-executive chairman) 1533:from the original on 2022-11-27. 247: 23: 1928:American Home Assurance Company 1580:"2010's top people in business" 1106:Dennis, Brady (March 9, 2010). 1: 1296:"The Randian and the Bailout" 977:Son, Hugh (August 14, 2009). 907:Son, Hugh (August 18, 2009). 609:, Staff Consultant, 1969–1975 563:Benmosche's career included: 1806:American International Group 1464:. Columbia Journalism Review 290:American International Group 193:American International Group 1938:Lexington Insurance Company 1851:(current president and CEO) 1354:. Bloomberg. Archived from 533:The New York Times DealBook 507:calling for him to resign. 498:collapse and compelled the 50:conditions to do so are met 2104: 1553:Insurance & Technology 666:investing.businessweek.com 603:, VP Technology, 1975–1982 1763: 1753: 1745: 1740: 1086:US Department of Treasury 862:"Robert H. Benmosche '62" 525:Benmosche ranked 42nd in 424:US Department of Treasury 375:to publicly traded firm. 338:New York Military Academy 302:US Department of Treasury 202:August 2009 – August 2014 89: 2068:Alfred University alumni 1979:American General Finance 546:Insurance and Technology 520:Insurance and Technology 481:Controversy over bonuses 243:Robert Herman Benmosche 1695:. Property Casualty 360 1636:Harvard Business Review 890:The Wall Street Journal 699:. National Public Radio 620:Benmosche, Bob (2016). 540:Harvard Business Review 487:The Wall Street Journal 412:Napa Valley, California 324:. Benmosche traced his 106:Robert Herman Benmosche 1995:PineBridge Investments 1820:Cornelius Vander Starr 320:Benmosche was born in 2048:American libertarians 1907:Ronald A. Rittenmeyer 1415:. Wall Street Journal 746:on September 26, 2012 697:All Things Considered 468:In an interview with 402:Innkeeper and vintner 2011:Corebridge Financial 1916:Current subsidiaries 1897:Suzanne Nora Johnson 1828:Maurice R. Greenberg 1358:on December 16, 2012 868:on December 27, 2015 601:Chase Manhattan Bank 16:American businessman 1962:Former subsidiaries 1887:John H. Fitzpatrick 1843:Robert H. Benmosche 1741:Business positions 1673:on October 14, 2012 1559:on February 1, 2014 1529:. 11 October 2013. 1440:The Huffington Post 1273:Wall Street Journal 1014:. December 31, 2009 736:"Man Who Saved AIG" 672:on January 19, 2013 394:in his hometown of 37:of this article is 1869:Board of directors 1833:Martin J. Sullivan 1722:2015-04-19 at the 1630:Hansen, Morten T. 1275:. October 26, 2010 1112:washingtonpost.com 931:The New York Times 824:. August 27, 2009. 340:in 1962, and from 322:Brooklyn, New York 306:Board of Directors 120:Brooklyn, New York 2020: 2019: 1969:Chartis Insurance 1902:Douglas Steenland 1877:Brian Duperreault 1860: 1856:Douglas Steenland 1852: 1848:Brian Duperreault 1824: 1773: 1772: 1764:Succeeded by 1300:New York Magazine 1165:Los Angeles Times 957:winespectator.com 574:Metropolitan Life 396:Suffern, New York 392:Lafayette Theatre 386:Lafayette Theatre 342:Alfred University 240: 239: 191:President/CEO of 162:Alfred University 131:February 27, 2015 96:Benmosche c. 2012 78: 77: 70: 2095: 1892:Robert S. 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Index

neutrality
disputed
talk page
conditions to do so are met
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Brooklyn, New York
New York City
B.A.
Alfred University
CEO
AIG
American International Group
Edward M. Liddy
/bɛnmˈʃ/
ben-moh-SHAY
American International Group
NYSE
AIG
US Department of Treasury
Board of Directors
Edward M. Liddy
Brooklyn, New York
Jewish
Lithuania
New York Military Academy
Alfred University
Arthur D. Little
Metropolitan Life Insurance Company
mutual company

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