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Bob Benmosche
Robert Herman Benmosche (/bɛnmoʊˈʃeɪ/ ben-moh-SHAY, May 29, 1944 – February 27, 2015) was the president and chief executive officer of American International Group (NYSE: AIG). 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.
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. Benmosche himself took a series of jobs, working there, caddying, and later, driving a delivery truck. He graduated from New York Military Academy in 1962, and from Alfred University 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.
Benmosche began his career when he joined Arthur D. Little 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 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.
Benmosche left Paine Webber to join the Metropolitan Life Insurance Company 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 MetLife's successful transition from mutual company to publicly traded firm.
After being a member of the board of Credit Suisse AG for eleven years, Benmosche retired in April 2013.
In 2001, Benmosche purchased the 1923 Lafayette Theatre in his hometown of Suffern, New York, and led its preservation effort.
Benmosche owned Villa Splendid in Dubrovnik, 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 Napa Valley, California. In 2011, Benmosche's vineyard produced 3,000 bottles of wine under The Benmosche Family Dingac label.
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Bob Benmosche
Robert Herman Benmosche (/bɛnmoʊˈʃeɪ/ ben-moh-SHAY, May 29, 1944 – February 27, 2015) was the president and chief executive officer of American International Group (NYSE: AIG). 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.
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. Benmosche himself took a series of jobs, working there, caddying, and later, driving a delivery truck. He graduated from New York Military Academy in 1962, and from Alfred University 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.
Benmosche began his career when he joined Arthur D. Little 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 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.
Benmosche left Paine Webber to join the Metropolitan Life Insurance Company 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 MetLife's successful transition from mutual company to publicly traded firm.
After being a member of the board of Credit Suisse AG for eleven years, Benmosche retired in April 2013.
In 2001, Benmosche purchased the 1923 Lafayette Theatre in his hometown of Suffern, New York, and led its preservation effort.
Benmosche owned Villa Splendid in Dubrovnik, 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 Napa Valley, California. In 2011, Benmosche's vineyard produced 3,000 bottles of wine under The Benmosche Family Dingac label.
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