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MetLife
MetLife, Inc. is the Holding company, holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, Annuity (US financial products), annuities, and employee benefit programs, with around 90 million customers in over 60 countries. The firm was founded on March 24, 1868. MetLife ranked No. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. On January 6, 1915, MetLife completed the mutualization process, changing from a stock life insurance company owned by individuals to a Mutual organization, mutual company operating without external shareholders and for the benefit of policyholders. After 85 years as a mutual company, MetLife Demutualization, demutualized into a Public company, publicly traded company with an initial public offering in 2000. Through its subsidiaries and affiliates, MetLife holds leading market positions in ...
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MetLife Stadium
MetLife Stadium is a multi-purpose stadium at the Meadowlands Sports Complex in East Rutherford, New Jersey, United States, 5 mi (8 km) west of New York City. It opened in 2010, replacing Giants Stadium, and serves as the home for the New York Giants and New York Jets of the National Football League (NFL). It is also scheduled to host the 2026 FIFA World Cup final, final of the 2026 FIFA World Cup. At an approximate cost of $1.6 billion, it was the most expensive stadium built in the United States at the time of its completion. MetLife Stadium is one of two NFL stadiums shared by two teams, the other is SoFi Stadium in Inglewood, California, home to the Los Angeles Rams and Los Angeles Chargers. Additionally, MetLife Stadium is the fifth building in the New York metropolitan area to be home to multiple teams from the same sports league, after the Polo Grounds, which was home to New York Giants (NL), the baseball Giants and New York Yankees, Yankees from 1913 to 1922, th ...
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MetLife Building
The MetLife Building (also 200 Park Avenue and formerly the Pan Am Building) is a skyscraper at Park Avenue and 45th Street, north of Grand Central Terminal, in the Midtown Manhattan neighborhood of New York City, New York, U.S. Designed in the International style by Richard Roth, Walter Gropius, and Pietro Belluschi and completed in 1962, the MetLife Building is tall with 59 stories. It was advertised as the world's largest commercial office space by square footage at its opening, with of usable office space. , the MetLife Building remains one of the 100 tallest buildings in the United States. The MetLife Building contains an elongated octagonal massing with the longer axis perpendicular to Park Avenue. The building sits atop two levels of railroad tracks leading into Grand Central Terminal. The facade is one of the first precast concrete exterior walls in a building in New York City. In the lobby is a pedestrian passage to Grand Central's Main Concourse, a lobby with a ...
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Metropolitan Life Insurance Company Tower
The Metropolitan Life Insurance Company Tower (colloquially known as the Met Life Tower and also as the South Building) is a skyscraper occupying a full block in the Flatiron District of Manhattan in New York City. The building is composed of two sections: a tower at the northwest corner of the block, at Madison Avenue and 24th Street, and a shorter east wing occupying the remainder of the block bounded by Madison Avenue, Park Avenue South, 23rd Street, and 24th Street. The South Building, along with the North Building directly across 24th Street, comprises the Metropolitan Home Office Complex, which originally served as the headquarters of the Metropolitan Life Insurance Company (now publicly known as MetLife). The South Building's tower was designed by the architectural firm of Napoleon LeBrun & Sons and erected between 1905 and 1909. Inspired by St Mark's Campanile, the tower features four clock faces, four bells, and lighted beacons at its top, and was the tallest build ...
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Brighthouse Financial
Brighthouse Financial, Inc. is an American insurance company, headquartered in Charlotte, North Carolina, that sells annuity and life insurance. Brighthouse is one of the largest providers of annuities and life insurance in the United States, with $219 billion in total assets and approximately 2.6 million insurance policies and annuity contracts in-force (as of March 31, 2018). History Separation from MetLife In January 2016, MetLife, Inc. announced its intention to separate a substantial portion of the company’s U.S. Retail segment, which focused on selling life insurance and annuities. The entities marked for separation into the new enterprise included: Brighthouse Life Insurance Company (formerly MetLife Insurance Company USA), Brighthouse Life Insurance Company of NY (formerly First MetLife Investors Insurance Company) and New England Life Insurance Company. On July 21, 2016, MetLife announced it would rebrand the business as Brighthouse Financial and on March 6, 2017 the c ...
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Park Avenue
Park Avenue is a boulevard in New York City that carries north and southbound traffic in the borough (New York City), boroughs of Manhattan and the Bronx. For most of the road's length in Manhattan, it runs parallel to Madison Avenue to the west and Lexington Avenue (Manhattan), Lexington Avenue to the east. Park Avenue's entire length was formerly called Fourth Avenue; the title still applies to the section between Cooper Square and 14th Street (Manhattan), 14th Street. The avenue is called Union Square East between 14th and 17th Street (Manhattan), 17th streets, and Park Avenue South between 17th and 32nd Street (Manhattan), 32nd streets. History Early years and railroad construction Because of its designation as the widest avenue on Manhattan's East Side, Park Avenue originally carried the tracks of the New York and Harlem Railroad built in the 1830s, just a few years after the adoption of the Commissioners' Plan of 1811, Manhattan street grid. The railroad's Right-of-wa ...
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Glenn Hubbard (economist)
Robert Glenn Hubbard (born September 4, 1958) is an American economist. He served as the Dean of the Columbia University Graduate School of Business from 2004 to 2019, where he remains the Russell L. Carson Professor of Finance and Economics. On September 13, 2018, he announced that he would retire from his position after his contract expired on June 30, 2019. Hubbard previously served as Deputy Assistant Secretary at the U.S. Department of the Treasury from 1991 to 1993, and as Chairman of the Council of Economic Advisers from 2001 to 2003. Hubbard is a visiting scholar at American Enterprise Institute, where he studies tax policy and health care. He was criticized for his reports and papers on deregulation during the 2008 financial crisis. He was also heavily criticized in the documentary '' Inside Job'' about the credit default swap scams that led to the 2008 financial crisis. Early life and education Born September 4, 1958, Hubbard was raised in Apopka, Florida, a suburb ...
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East Rutherford, New Jersey
East Rutherford is a Borough (New Jersey), borough in Bergen County, New Jersey, Bergen County, in the U.S. state of New Jersey. It is an inner suburb, inner-ring suburb of New York City, located west of Midtown Manhattan. As of the 2020 United States census, the borough's population was 10,022, an increase of 1,109 (+12.4%) from the 2010 United States census, 2010 census count of 8,913, which in turn reflected an increase of 197 (+2.3%) from the 8,716 counted in the 2000 United States census, 2000 census. Under the terms of an act of the New Jersey Legislature on April 17, 1889, a portion of the old Union Township, Bergen County, New Jersey, Union Township was incorporated under the name of Boiling Springs Township.Snyder, John P''The Story of New Jersey's Civil Boundaries: 1606-1968'' Bureau of Geology and Topography; Trenton, New Jersey; 1969. p. 77 re East Rutherford, p. 76 re Boiling Springs Township. Accessed July 29, 2012. The new township took its name from a spring in ...
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Metropolitan Life North Building
The Metropolitan Life North Building, now known as Eleven Madison, is a 30-story Art Deco skyscraper adjacent to Madison Square Park at 11–25 Madison Avenue in the Flatiron District neighborhood of Manhattan in New York City. The building is bordered by 24th Street (Manhattan), East 24th Street, Madison Avenue, 25th Street (Manhattan), East 25th Street and Park Avenue South, and was formerly connected by a sky bridge and tunnel to the Metropolitan Life Insurance Company Tower just south of it. The North Building was built in three stages on the site of the second Madison Square Presbyterian Church (1906), Madison Square Presbyterian Church. Construction started in 1929, just before the onset of the Great Depression. Originally planned to be 100 stories, the North Building was never completed as originally planned due to funding problems following the Depression. The current design was constructed in three stages through 1950. As part of the Metropolitan Life Home Office Comple ...
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Midtown Manhattan
Midtown Manhattan is the central portion of the New York City borough of Manhattan, serving as the city's primary central business district. Midtown is home to some of the city's most prominent buildings, including the Empire State Building, the Chrysler Building, the Hudson Yards, Manhattan, Hudson Yards Redevelopment Project, the headquarters of the United Nations, Grand Central Terminal, and Rockefeller Center, as well as several prominent tourist destinations, including Broadway theatre, Broadway, Times Square, and Koreatown, Manhattan, Koreatown. New York Penn Station, Penn Station in Midtown Manhattan is the busiest transportation hub in the Western Hemisphere. Midtown Manhattan is the largest central business district in the world, and has been ranked as the densest central business district in the world in terms of employees, at . Midtown also ranks among the world's most expensive locations for real estate; Fifth Avenue in Midtown Manhattan has commanded the world's high ...
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23rd Street (Manhattan)
23rd Street is a broad thoroughfare in the New York City borough (New York City), borough of Manhattan, one of the major two-way, east-west streets in the borough's Commissioner's Plan of 1811, grid. As with Manhattan's other "crosstown" streets, it is divided into its east and west sections at Fifth Avenue (Manhattan), Fifth Avenue. The street runs from Avenue C (Manhattan), Avenue C and FDR Drive in the east to Eleventh Avenue (Manhattan), Eleventh Avenue in the west. 23rd Street was created under the Commissioners' Plan of 1811. The street hosts several famous hotels, including the Fifth Avenue Hotel and Hotel Chelsea, as well as many theaters. Several skyscrapers are located on 23rd Street, including the Flatiron Building, the Metropolitan Life Insurance Company Tower, and One Madison. Description As with other List of numbered streets in Manhattan, numbered streets in Manhattan, Fifth Avenue separates West and East 23rd Street. This intersection occurs in Madison Square ...
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PineBridge Investments
PineBridge Investments LLC (also known as PineBridge) is an American asset management firm. It was previously the asset management division of American International Group (AIG) known as AIG Investments before being sold to the Pacific Century Group in 2010. It was subsequently renamed to PineBridge Investments. History The predecessor to PineBridge was originally formed in 1996 as AIG Investments, the asset management division of AIG to oversee the group's $75 billion assets. This was done by consolidating AIG's various investment entities into a single platform and at the time of the entity's establishment, it had 300 employees. Win Neuger who joined AIG in 1995 to lead and grow the division, was the CEO of AIG Investments as well CIO of AIG. In 2004, AIG Investments set up a joint venture with Huatai Securities forming AIG-Huatai Fund Management (now known as Huatai-PineBridge Fund Management). By 2008, the size of AIG's investments had reached $712 billion. ...
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Demutualization
Demutualization is the process by which a customer-owned mutual organization (''mutual'') or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual usually receive a windfall gain, "windfall" payout, in the form of shares in the successor company, a cash payment, or a mixture of both. Mutualization or mutualisation is the opposite process, wherein a shareholder-owned company is converted into a mutual organization, typically through takeover by an existing mutual organization. Furthermore, re-mutualization depicts the process of aligning or refreshing the interest and objectives of the members of the Mutual organization, mutual society. The mutual traditionally raises Capital (economics), capital from its customer members in order to provide services to them (for example building society, building societies, where members' savings enable the provision of Mortgage loan, m ...
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