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In a top-level management shake-up, Marriott Corp. yesterday named a former executive as its new chief financial officer after one of the company's most senior officers resigned. Bethesda-based
Marriott named as its top financial executive Stephen F. Bollenbach, who most recently helped Donald Trump
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Sullivan is leaving after three years at the helm and will be replaced by A.I.G. Chairman Robert
Willumstad, a former president and chief operating officer of Citigroup, Inc. … A.I.G. also named former Hilton Hotels executive Stephen Bollenbach, as its lead independent director, a company statement
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He served as chief financial officer of
Marriott and Walt Disney and chief executive of Hilton Hotels, a post he held from 1996 to 2007, when he sold the company to Blackstone for $ 26bn. ... He helped craft Marriott's 1992 split into a hotel management operation and a real estate holding company,
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He served as chief financial officer of
Marriott and Walt Disney and chief executive of Hilton Hotels, a post he held from 1996 to 2007, when he sold the company to Blackstone for $ 26bn. ... He helped craft Marriott's 1992 split into a hotel management operation and a real estate holding company,
343:. At that time he was also listed as "Chairman of the Board of KB Home and a Director of Harrah’s Entertainment, Inc., Time Warner Inc. and Macy’s, Inc. He also was a member of the Board of Directors of Teach for America and Los Angeles World Affairs Council." AIG was a central player in the
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According to a Ludwig Cancer
Research Center memorial, “He was an avid traveler who loved to ski, drive sports cars, golf and collect wine. Steve established the Bollenbach Family Scholarship, which sends 15 deserving and financially challenged students each year to college.”
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and Hilton
International (the lodging subsidiary of Hilton Group.) This alliance ultimately paved the way for the 2006 acquisition of Hilton International by Hilton Hotels Corporation. In 2007, Bollenbach left after making the sale of Hilton to
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During the year, Stephen
Bollenbach, Martin Feldstein, James Orr, Virginia Rometty, Michael Sutton, Edmund Tse, and Ed Liddy retired after a period of time spent dealing with the liquidity crisis and the initial work on the government
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Mr. Weisselberg started off working for Mr. Trump's father, Fred, and by the late 1980s was controller of the Trump
Organization. In this role Mr. Weisselberg worked under CFO Stephen Bollenbach, who was hired in
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He was an avid traveler who loved to ski, drive sports cars, golf and collect wine. Steve established the
Bollenbach Family Scholarship, which sends 15 deserving and financially challenged students each year to
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Liddy "answered the call of his country and the needs of AIG without reservation amid one of the darkest periods of the current financial crisis," said
Stephen A. Bollenbach, AIG's lead director, in honoring
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In fact, a few months before Bollenbach joined Disney from Marriott in April 1995, Nanula doffed the CFO hat, which he had worn since August 1991, and replaced it with that of president of The Disney Store
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with an offer of $ 2 billion in stock plus $ 1 billion of assumed debt, and the purchase closed in December 1996. Following the merger between Ladbrokes plc and Hilton Group plc in the United Kingdom,
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beginning in February 1996. He was the first person outside the Hilton Family to hold this position. Bollenbach aimed to expand Hilton's gaming holdings through acquisitions, especially in
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chief financial officer at Holiday Corporation, the operator of Holiday Inn motels. During his time there, Bollenbach prevented Trump from taking over the chain through a leveraged buyout.
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American International Group, Inc. (AIG) announced that six new independent director nominees will stand for election at the AIG 2009 annual meeting of shareholders scheduled on June 30.
363:, who was dismissed by the board in May 2009. after this resignation and AIG's announcement that it would name six new independent directors, Bollenbach himself left in 2009 along with
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Mr. Bollenbach was brought in by the developer after Mr. Trump's creditors insisted that he hire a chief financial officer, a position that had never existed at the Trump Organization.
310:, with five casinos, including two in Atlantic City, was a natural target. Its midscale clientele, heavy on slots revenue, would provide balance to the volatility of Hilton's high-end
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restaurant chains, for $ 48.6 million. 108 Rustler Steak House Restaurants plus three other restaurants were sold in the following year to two different firms (Tenly Enterprises and
403:. He had two grown sons (by his first wife) Christopher and Keat, and two grandchildren. He died at the age of 74 after a long illness in Manhattan, New York on October 8, 2016.
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Stephen and Kimberly Bollenbach married in 2011. His two sons were born during his previous marriage to Barbara Bollenbach, which ended in divorce in 2010
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347:. It was bailed out by the federal government for $ 180 billion, and the government took control.") In June of 2008, AIG fired Chief Executive Officer
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131:. Bollenbach worked for Mr Ludwig for many years, helping to oversee some of his hotel properties. This work with Ludwig culminated as Bollenbach was
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he came to the attention of Daniel K. Ludwig, once one of the world's richest men and entrepreneur with interests in shipbuilding, banks and hotels.
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during the 2007 financial crisis, and was also a director of Harrah's Entertainment, Inc., Macy's, Inc., and the Los Angeles World Affairs Council.
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from 1986 to 1990. Holiday Inns, Inc. was renamed "Holiday Corporation" in 1985 to reflect the growth of the company's brands, including
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When he became chief executive of Hilton the following year, he was the first person outside of the Hilton family to hold that position.
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In addition to his wife, he is survived by two sons, Christopher and Keat, and two grandchildren. An earlier marriage ended in divorce.
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served as group chief executive of Hilton Group plc. George and Bollenbach worked to create the strategic alliance in 1997 between
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Bollenbach was chairman and chief executive officer of Southwest Savings and Loan Association in Phoenix from 1980 to 1982.
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Bollenbach divorced his first wife Barbara in 2010. He married Kimberly in 2011. At his death, he and his wife lived in
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Orwall, Bruce (7 June 1996). "Hilton to acquire Bally Entertainment in push to be largest gambling concern".
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359:." Willumstad left after three months on the job and was replaced by Chairman and Chief Executive Officer
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and helped to oversee some of his hotel properties. Bollenbach had been introduced to the organization by
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affiliated with Caesars Entertainment and Harrah's Entertainment) in 1990, Bollenbach became the first
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He was introduced to the Ludwig organization by the Institute's current Chairman, John Notter.
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and former CEO and CFO for many hotel-related organizations. After working with financier
170:) for undisclosed amounts. Newly formed Tenly Enterprises purchased 94 restaurants while
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From 1968 until 1980 Bollenbach held a series of financial management positions with the
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Stephen Bollenbach standing in front of Hilton Headquarters in Beverly Hills, CA in 1997.
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as the CFO for Disney. In this position, he crafted Disney's $ 19-billion deal to buy
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beer brand). During his time at Holiday, Bollenbach helped prevent Trump from using a
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acquired it in 1982. Marriott discontinued the brand and converted locations to its
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1225:"Stephen Bollenbach, Who Spared Donald Trump from Personal Bankruptcy, Dies at 74"
623:"Stephen Bollenbach, Who Spared Donald Trump From Personal Bankruptcy, Dies at 74"
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purchased the remaining 17. The Gino's chain had 359 company-owned locations when
1113:"The Ludwig Institute for Cancer Research mourns Board Member Stephen Bollenbach"
487:"The Ludwig Institute for Cancer Research mourns Board Member Stephen Bollenbach"
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He then was chief financial officer and a member of the board of directors of
1146:"He Saved Trump From Bankruptcy: Now Widow and First Wife in Court Showdown"
1081:"Chairman's Message (Harvey Golub, non-executive Chairman of the Board))"
376:
311:
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1029:"AIG CEO, Chairman Liddy Calls It Quits; Search On for 2 Replacements"
59:
1171:"Stephen F Bollenbach, spared Donald Trump from personal bankruptcy"
816:"Stephen F Bollenbach, spared Donald Trump from personal bankruptcy"
648:"Stephen F Bollenbach, spared Donald Trump from personal bankruptcy"
462:"Stephen F Bollenbach, spared Donald Trump from personal bankruptcy"
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American chief executives of travel and tourism industry companies
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as well as Disney's $ 19bn deal to buy Capital Cities/ABC in 1995.
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as well as Disney's $ 19bn deal to buy Capital Cities/ABC in 1995.
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218:. In 1988, Holiday Corporation was purchased by UK-based Bass
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He was senior vice president of finance and treasurer for the
339:
In January 2008 he was elected to the board of directors for
123:, who ultimately spent 15 years as the operating head of the
74:. Additionally, Bollenbach was on the board of directors for
1173:. Sydney Morning Herald. New York Times Obituary. 2016-10-17
818:. Sydney Morning Herald. New York Times Obituary. 2016-10-17
650:. Sydney Morning Herald. New York Times Obituary. 2016-10-17
464:. Sydney Morning Herald. New York Times Obituary. 2016-10-17
921:"Hilton Director Peter George Dies After Lengthy Illness"
437:"AIG Elects Stephen F. Bollenbach to Board of Directors"
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Silverman, Gary; Nicolaou, Anna Nicolaou (2016-10-21).
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Silverman, Gary; Nicolaou, Anna Nicolaou (2016-10-21).
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Bollenbach Checking Out Of Hilton, Into KB - Forbes.com
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and owned independently from Marriott, closed in 1986.
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in 1965, and a master's degree in management from the
946:"Steve Bollenbach, hospitality executive, 1942-2016"
776:"Steve Bollenbach, hospitality executive, 1942-2016"
673:"Financial wizard tries to untangle Trump empire"
150:from 1982 to 1986. In 1982, the company acquired
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1279:California State University, Northridge alumni
845:"Hilton Hotels to acquire Bally Entertainment"
553:
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16:American financial manager and hotel executive
94:, earned a bachelor's degree in finance from
8:
843:Chris Kraul; Jesus Sanchez (7 June 1996).
70:and a member of the board of directors of
675:. New York Times News Service. 1991-04-28
1304:Lakewood High School (California) alumni
838:
836:
722:"MARRIOTT UNDERGOES MANAGEMENT SHAKE-UP"
697:Teitelbaum, Richard (November 5, 2016).
430:
428:
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341:American International Group, Inc. (AIG)
76:American International Group, Inc. (AIG)
30:(July 14, 1942 – October 8, 2016) was a
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100:California State University, Northridge
560:"Marriott Corp. Makes Bid For Gino's"
42:for various corporations such as the
7:
610:from the original on August 7, 2011.
355:as CEO and appointed Bollenbach as "
1055:"AIG Names 6 Independent Directors"
735:restructure his debt-ridden empire.
294:Bollenbach was the co-chairman and
182:chain. The last Gino's, located in
999:"A.I.G. fires CEO Martin Sullivan"
699:"Donald Trump's Loyal Numbers Man"
14:
1289:American chief financial officers
977:. DIANE Publishing. p. 352.
558:Knight, Jerry (January 5, 1982).
441:Business Wire (AIG press release)
258:worked under him as comptroller.
172:Sizzler Restaurants International
168:Sizzler Restaurants International
88:Lakewood High School (California)
1223:Meier, Barry (13 October 2016).
621:Meier, Barry (13 October 2016).
306:, where Hilton had no presence.
1274:Businesspeople from Los Angeles
1245:Stephen F. Bollenbach Biography
1057:. Insurance Journal. 2009-05-20
1031:. Insurance Journal. 2009-05-21
974:Financial Crisis Inquiry Report
894:"Hilton completes Bally deal".
804:Time Warner: Stephen Bollenbach
536:"Marriott Offers To Buy Gino's"
127:and became the chairman of the
230:to take over the hotel chain.
38:from 1968 to 1980, he oversaw
1:
1294:Warner Bros. Discovery people
1117:Ludwig Cancer Research Center
491:Ludwig Cancer Research Center
278:In 1995, Bollenbach replaced
234:1990–1992: Trump Organization
516:"Marriott Plans To Buy Host"
435:Winans, Chris (2008-01-16).
1196:"STEPHEN F. BOLLENBACH bio"
747:Fink, Ronald (1997-11-01).
154:for $ 120 million and also
1320:
1003:United Press International
720:Farhi, Paul (1992-02-01).
379:after working on bailout.
135:'s CFO from 1977 to 1980.
28:Stephen Frasier Bollenbach
749:"Managing Mickey's Money"
357:lead independent director
324:Hilton Hotels Corporation
314:players. Hilton beat out
300:Hilton Hotels Corporation
238:After a brief stint with
1148:. My News LA. 2018-04-02
751:. Corporate Finance News
383:Personal life, and death
345:financial crisis of 2008
40:mergers and acquisitions
971:Phil Angelides (2011).
909:(subscription required)
883:(subscription required)
600:"The Marriott Timeline"
296:chief executive officer
266:Bollenbach returned to
92:Long Beach City College
925:www.hotelexecutive.com
604:Marriott International
200:Harrah's Entertainment
180:Roy Rogers Restaurants
129:Ludwig Cancer Research
52:Harrah's Entertainment
24:
204:Embassy Suites Hotels
22:
898:. 19 December 1996.
351:, replaced him with
329:The Blackstone Group
176:Marriott Corporation
148:Marriott Corporation
86:Bollenbach attended
44:Marriott Corporation
896:Wall Street Journal
870:Wall Street Journal
703:Wall Street Journal
524:. December 4, 1981.
308:Bally Entertainment
262:1992–1995: Marriott
222:(the owners of the
196:Holiday Corporation
190:1986: Holiday Corp.
164:Rustler Steak House
48:Holiday Corporation
1229:The New York Times
627:The New York Times
544:. January 5, 1982.
375:, Edmund Tse, and
331:for $ 26 Billion.
284:Capital Cities/ABC
252:Trump Organization
244:corporate spin-off
184:Pasadena, Maryland
152:Host International
56:Trump Organization
25:
1299:Disney executives
948:. Financial Times
849:Los Angeles Times
778:. Financial Times
724:. Washington Post
393:East Gate Bel Air
353:Robert Willumstad
256:Allen Weisselberg
160:Gino's Hamburgers
125:D.K. Ludwig Group
90:, graduated from
32:financial manager
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274:1995–1995 Disney
240:Promus Companies
228:leveraged buyout
36:Daniel K. Ludwig
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320:Peter George
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208:Crowne Plaza
193:
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133:D. K. Ludwig
117:Ludwig Group
114:
111:Ludwig Group
85:
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1269:2016 deaths
1264:1942 births
1249:Time Warner
1208:19 December
1177:19 December
1152:19 December
1123:19 December
1093:19 December
1088:AIG website
1061:19 December
1035:19 December
1009:19 December
952:19 December
822:19 December
782:19 December
755:19 December
728:19 December
679:19 December
654:19 December
632:19 December
497:19 December
468:19 December
446:19 December
397:Los Angeles
395:section of
216:Hampton Inn
156:Gino's Inc.
72:Time Warner
1258:Categories
930:2024-04-30
854:2012-05-10
762:Worldwide.
407:References
401:California
904:398548351
878:398694119
286:in 1995.
102:in 1968.
82:Education
1130:college.
1100:bailout.
900:ProQuest
874:ProQuest
608:Archived
580:"Briefs"
377:Ed Liddy
312:baccarat
270:in 1992
250:of the
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106:Career
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1063:2018
1037:2018
1011:2018
979:ISBN
954:2018
824:2018
784:2018
757:2018
730:2018
681:2018
656:2018
634:2018
499:2018
470:2018
448:2018
224:Bass
162:and
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298:of
248:CFO
242:(a
220:PLC
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