Sure, she can talk the insurance industry lingo and crunch numbers with the best of them, but it is her emphatic and decisive approach that makes her stand out. Return on equity, which MetLife accountants calculate was just 7% in 1997, has climbed to 11. A position with that kind of heft makes people stand up and notice. Weber, president of Individual Business for MetLife, Inc. He encourages MetLife workers to ask him anything. So self-absorbed and insulated from the outside world was MetLife as a mutual insurer that it never bothered to keep track of profits. By the key criteria Fortune uses in assembling its annual list - the size, importance, and health of each business in the global economy, and the momentum of each woman's career along with her social and cultural influence - there's no question that the power of women in the corporate sphere is rising.
The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations and other institutions. If you believe you entered information into a linked website, change your login information immediately. Benmosche lives on a Croatian vineyard, cusses at rooms full of people, and has threatened to quit his job a stressful one to be sure a few times, but none of those quirks compare to one of the more off-the-beaten path parts of Benmosche's life — his marriage. Well, you better have some. The laid back flip flops and Khaki pants wearing cognoscenti and wine connoisseur recently gave an interview to a couple of reporters from his villa in Croatia which overlooks the Adriatic Sea.
I was a contributing writer at Barron's Penta magazine where I penned the Trendspotting column and also covered luxury real estate, pursuits, collecting and other topics. Will Mullaney Be MetLife's Next Top Dog? Weber first appeared on the prestigious list in 2004 at number 43. Can you imagine the spread they have in New York? If an employee scored on the low end of the scale, he or she either had to show improvement or leave the company, according to a person working there at that time. Henrikson would tell you that he owes it to his staff, all of whom he deems to be very competent. Weber also directed human resources practices at Merrill Lynch and Manufacturers Hanover.
I need to go to work and figure out the rest later. Benmosche jolted himself back into achievement mode. Zucker expects earnings growth to resume at a 15% pace through 2004. . MetLife leads the industry in sales force retention. Weber, whom Benmosche imported from PaineWebber.
Weber on a 24-year corporate career journey that reached new heights in 2004 when she became the President of Individual Business for MetLife Inc. It makes you wonder , who used to run MetLife's individual business. After his hectic years in the securities business this job looked like easy duty. The units Weber oversaw - individual insurance and the company's automobile- and home-insurance businesses - were combined with another MetLife unit in an organizational change announced in the summer. Benmosche is coming down hard on the company's lackluster property-casualty division, which sells auto and home insurance.
Debra Capolarello, senior vice president of human resources and chief talent officer for MetLife, says she is a student of Ms. The situation was similar when he came to MetLife in 1995 to turn things around. This year she ranked number 36. The reader is left wondering what's going until this story about Benmosche's divorce completes the picture Benmosche was so notoriously frugal that soon after they got married, his wife Denise granted him a divorce just to avoid unfavorable tax laws. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Among other tasks, she helped put into place a pay-for-performance culture at the insurer.
Bureaucracy-bound MetLife needed someone to bring the company up to date. Both Kandarian and Wheeler are regular performers on MetLife's conference calls. Today MetLife is in far better shape, largely thanks to the relentless restructuring that Benmosche has imposed on a staid insurer. Weber, a recent psychology graduate of the State University of New York at Stonybrook, was driving across town to take her grad school exam. Factset: FactSet Research Systems Inc. Today's press release could hold an important clue. Bonuses are now tied to performance reviews and a division's financial results.
By the key criteria Fortune uses in assembling its annual list - the size, importance, and health of each business in the global economy, and the momentum of each woman's career along with her social and cultural influence - there's no question that the power of women in the corporate sphere is rising. The transaction also significantly expanded the distribution reach of MetLife's retail channels. She upended the cozy review ritual--including the bonuses, which used to be up to 18% of a rank-and-filer's salary and up to 85% of an officer's total compensation. Benmosche tells a story about when his predecessor, Kamen, started at MetLife in 1959 and tried in vain to track down earnings data. Other execs at MetLife may also be interested in the top spot, such as Chief Investment Officer Steven Kandarian and Chief Financial Officer William Wheeler. Morale stank; MetLife lost 40% of its sales force in that time. After graduating from Alfred University, where he played football, he headed for Wall Street.