Thomas R. "Tom" Savage is an American insurance executive who was chief executive officer of American International Group Financial Products (AIGFP) from 1994 until his retirement in 2001.AIGFP is considered a key company in the Global financial crisis of 2008–2009.
The United States of America (USA), commonly known as the United States or America, is a country composed of 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico. The State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean. The U.S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The extremely diverse geography, climate, and wildlife of the United States make it one of the world's 17 megadiverse countries.
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of December 31, 2016, AIG companies employed 56,400 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.
Savage earned his undergraduate degree from Trinity College in 1972. He received his Ph.D. in mathematics from Claremont Graduate University in 1977. Prior to AIGFP, Savage was vice president of Drexel Burnham Lambert, an investment bank, and an executive at First Boston Corporation.
Trinity College is a private liberal arts college in Hartford, Connecticut. Founded as Washington College in 1823 as an alternative to Yale, it is the second-oldest college in the state of Connecticut.
Claremont Graduate University (CGU) is a private, all-graduate research university located in Claremont, California, a city 35 miles (56 km) east of downtown Los Angeles. Founded in 1925, CGU is a member of the Claremont Colleges which includes five undergraduate and two graduate institutions of higher education. Adjoining and within walking distance of one another, design was based on that of Oxford University and Cambridge University.
Drexel Burnham Lambert was an American investment bank that was forced into bankruptcy in February 1990 due to its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States.
Savage was succeeded by Joseph Cassano. He serves on the Board of Trustees for Trinity College.
Joseph J. "Joe" Cassano is an American insurance executive who was an officer at AIG Financial Products from the division's founding in 1987 until his resignation in February 2008. Cassano is considered a key figure in the late-2000s financial crisis. Political writer Matt Taibbi nicknamed him "Patient Zero of the global economic meltdown."
Fred Aaron Savage is an American actor, director, and producer. He is best known for his role as Kevin Arnold in the American television series The Wonder Years, which ran from 1988 to 1993. He has earned several awards and nominations, such as People's Choice Awards and Young Artist Awards. He is also known for playing the Grandson in The Princess Bride.
William Philip Gramm is an American economist and politician who represented Texas in both houses of Congress. Though he began his political career as a Democrat, Gramm switched to the Republican Party in 1983. In Congress, Gramm sponsored major acts of financial deregulation.
James Kenneth Galbraith is an American economist who writes frequently for the popular press on economic topics. He is currently a professor at the Lyndon B. Johnson School of Public Affairs and at the Department of Government, University of Texas at Austin. He is also a Senior Scholar with the Levy Economics Institute of Bard College and part of the executive committee of the World Economics Association, created in 2011.
Joseph "Joe" Duffy is an Irish broadcaster employed by Raidió Teilifís Éireann (RTÉ). One of RTÉ's highest-earning stars, he is the current presenter of Liveline, which is broadcast on RTÉ Radio 1, Monday - Fridays between 13:45 and 15:00.
Franklin Delano Raines also known as Frank Raines is an American business executive. He is the former chairman and chief executive officer of the Federal National Mortgage Association, commonly known as Fannie Mae, who served as White House budget director under President Bill Clinton. His role leading Fannie Mae has come under scrutiny. He has been called one of the "25 People to Blame for the Financial Crisis" according to Time magazine.
Charles Owen "Chuck" Prince III is an American former chairman and chief executive of Citigroup. He succeeded Sandy Weill as the chief executive of the firm in 2003, and as the Chairman of the Board in 2006. On November 4, 2007 he retired from both his chairman and chief executive duties due to unexpectedly poor 3rd quarter performance, mainly due to CDO and MBS related losses, while still receiving a $38m pay package.
Adam Whitney Savage is an American special effects designer/fabricator, actor, educator, and television personality, known as the former co-host of the Discovery Channel television series MythBusters and Unchained Reaction. His model work has appeared in major films, including Star Wars: Episode II – Attack of the Clones and The Matrix Reloaded. He is a prominent member of the skeptic community. He lives in San Francisco with his twin sons and his wife, Julia.
John A. Allison IV is an American businessman and the former CEO and president of the Cato Institute in Washington, D.C.. Allison held a number of leadership positions in BB&T Corp. from 1987 until 2010 when he retired. He now serves as a director at Moelis & Company.
Hyman Philip Minsky was an American economist, a professor of economics at Washington University in St. Louis, and a distinguished scholar at the Levy Economics Institute of Bard College. His research attempted to provide an understanding and explanation of the characteristics of financial crises, which he attributed to swings in a potentially fragile financial system. Minsky is sometimes described as a post-Keynesian economist because, in the Keynesian tradition, he supported some government intervention in financial markets, opposed some of the financial deregulation policies popular in the 1980s, stressed the importance of the Federal Reserve as a lender of last resort and argued against the over-accumulation of private debt in the financial markets.
Sir Maurice Victor Blank, is an English businessman and philanthropist. He is the former Chairman of Lloyds TSB and the current Chairman of several educational and charitable organisations including the Social Mobility Foundation, UJS Hillel and Wellbeing of Women.
Nick Butler is a Visiting Professor at King's College London. He chairs Promus Associates and Ridgeway Information Ltd. He is a Senior Adviser to Coller Capital and Linton Capital and a member of the Strategic Advisory Council of Equinor. From 2007 to 2009 he was Chairman of the Cambridge Centre for Energy Studies. He was a special adviser to the former British prime minister Gordon Brown from 2009-2010. He is a non executive Director of Cambridge Econometrics and a Trustee of Asia House. He was appointed in 2018 to the expert panel of advisers for The Faraday Institution, which works on the development of batteries and energy storage. He writes regularly in the Financial Times on Energy and Power.
Stephen Haddrill is Chief Executive Officer of the Financial Reporting Council (FRC) in the United Kingdom. In November 2018 he announced he would be leaving the post.
Duvvuri Subbarao, is a retired IAS officer, Indian Economist and a Central Banker. He was the 22nd Governor of Reserve Bank of India, served under Prime Minister Dr.Manmohan Singh. He currently lives in Singapore and is a distinguished visiting faculty at National University of Singapore.
Timothy Franz Geithner is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama, from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and managing director of Warburg Pincus, a private equity firm headquartered in New York City.
Patrick Honohan is an Irish economist who served as the Governor of the Central Bank of Ireland from 2009 to 2015.
Liaquat Ahamed is an American author.
Yaga Venugopal Reddy, better known as Y. V. Reddy, is an Indian economist and a retired Indian Administrative Service (IAS) officer of the 1964 batch belonging to Andhra Pradesh cadre. Reddy served as governor of the Reserve Bank of India (RBI) from 6 September 2003 until 5 September 2008.
The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the most serious financial crisis since the Great Depression of the 1930s.
Alex Blumberg is an American entrepreneur, radio journalist, former producer for public radio and television, best known for his work with This American Life and Planet Money. He is the co-founder and CEO of the podcast network Gimlet Media.
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