Robert Benmosche
| Bob Benmosche | |
|---|---|
Benmosche c. 2012
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| Born |
Robert Herman Benmosche May 29, 1944 Brooklyn, New York, U.S. |
| Died | February 27, 2015 (aged 70) New York, New York, U.S. |
| Cause of death | Lung cancer |
| Residence | Suffern, New York and Boca Raton, Florida |
| Nationality | American |
| Education | B.A. 1966 |
| Alma mater | Alfred University |
| Occupation | CEO |
| Employer | AIG |
| Salary | US$13.9 million |
| Title | President/CEO of American International Group |
| Term | August 2009 – August 2014 |
| Predecessor | Edward M. Liddy |
| Political party | Libertarian |
| Spouse(s) | Denise Benmosche |
| Children | 2 |
Robert Herman "Bob" Benmosche (ben-moe-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 best 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.
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.
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