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524:, Allison revised the bonus structure at Merrill Lynch, adding compensation based on company performance to a plan that was previously based on individual performance alone. "Herbies," as the options became known, were controversial at first but ended up being extremely successful both for the company and the individuals involved.
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under his leadership, broadening its product lines beyond pensions to include financial services, life insurance, college savings plans, mutual funds, IRAs, and other offerings. The company also re-focused on customer service, adding offices closer to campuses, for example. Allison retired from TIAA in 2008, and was succeeded by
559:
financial services organization that is the leading retirement provider for people who work in the academic, research, medical, and cultural fields. During his tenure, assets under management at the firm increased from $ 264 billion to over $ 435 billion. The company underwent significant change
531:, a hedge fund whose rapid downturn in September of that year threatened the stability of the financial system. Allison proposed the solution that ultimately was adopted by fourteen Wall Street institutions. The participating institutions were all paid back.
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From 2000 to 2002, Allison was president and chief executive officer of the
Alliance for Lifelong Learning, Inc., which offered online, college-level courses to adults.
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Woodward, Bob. "Maestro: Greenspan's Fed and the
American Boom." Simon & Schuster: 2001, p. 205.
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New York Times: Leader Picked for Review Of U.S. Loans on Energy, October 29, 2011, page A15
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Allison resigned as assistant secretary for financial stability in
September 2010.
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656:"Herbert M. Allison, Jr. Confirmed as Assistant Secretary for Financial Stability"
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After leaving
Merrill Lynch in mid-1999, he served as National Finance Chair for
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In 2002, Allison was named chairman, president, and chief executive officer of
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852:"TIAA-CREF Names New President and Board Chairman to Replace Herbert Allison"
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438:(LCC-17). After promotion to lieutenant, he then served a tour in-country in
375:(August 2, 1943 – July 14, 2013) was an American businessman who oversaw the
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In 1998, Allison played an instrumental role in preventing the collapse of
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Allison was a member of several boards and advisory councils, including
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from 2009 to 2010. His previous positions included president and CEO of
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815:"Fannie Mae CEO Herbert Allison Named Treasury's Bank Bailout Chief"
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Following college, he volunteered for service as an officer in the
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781:"Herbert Allison, Ex-Merrill President Who Ran TARP, Dies at 69"
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during his 28 years there. While at
Merrill Lynch, he worked in
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Upon completion of naval service in 1969, Allison received his
896:"Herbert M. Allison Jr., Former Merrill President, Dies at 69"
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List of prominent
Stanford Graduate School of Business alumni
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Assistant
Secretary of the Treasury for Financial Stability
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Assistant
Secretary of the Treasury for Financial Stability
705:"Herbert M. Allison Jr. Dies at 69; Led Bailout Efforts"
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Tim Massad: Washington's most powerful money manager?
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Lucchetti, Aaron; Solomon, Deborah (July 15, 2013).
998:
United States
Assistant Secretaries of the Treasury
49:. Unsourced material may be challenged and removed.
828:"Investing, Advice, Retirement and Banking | TIAA"
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688:, "Wall Street Journal", Accessed July 17, 2009.
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259:Simin Allison (Nazemi) (m. 1974-2013; his death)
958:United States Navy personnel of the Vietnam War
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596:Allison died on July 14, 2013, at his home in
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589:. From 2003 to 2005 he was a director of the
993:Stanford Graduate School of Business alumni
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686:"Wall Street Journal Topics: Herb Allison"
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434:(DD-869) and amphibious command ship USS
109:Learn how and when to remove this message
737:Herbert Allison, Former TARP Chief, Dies
395:from 2002 until his retirement in 2008.
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756:"Banker who oversaw Obama Tarp bailout"
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654:Press Room, U S Department of Treasury.
604:of a possible heart attack. He was 69.
493:, executive vice president, president,
450:with Combat "V" for performance during
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884:, Sep. 8, 2011. Accessed Jan. 7, 2014.
817:, "Huffington Post", April 17, 2009.
619:List of U.S. executive branch "czars"
1028:20th-century American businesspeople
953:20th-century American naval officers
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583:Stanford Graduate School of Business
442:at the Coastal Surveillance Center,
47:adding citations to reliable sources
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894:Rampell, Catherine (16 July 2013).
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1018:American chief operating officers
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988:People from Westport, Connecticut
978:People from Garden City, New York
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703:Rampell, Catherine (2013-07-15).
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377:Troubled Asset Relief Program
529:Long Term Capital Management
473:Allison began his career at
403:Herbert Allison was born in
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543:first Presidential Campaign
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373:Herbert Monroe Allison, Jr.
144:Herbert Monroe Allison, Jr.
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745:. Retrieved July 15, 2013.
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591:New York Stock Exchange
495:chief operating officer
491:chief financial officer
448:Navy Commendation Medal
562:Roger W. Ferguson, Jr.
452:Operation Market Time
409:Garden City, New York
334:Years of service
290:Mary Boardman Allison
287:Herbert Allison, Sr.
58:"Herbert M. Allison"
43:improve this article
16:American businessman
1008:Yale College alumni
499:member of the board
477:as an associate in
206:Stanford University
900:The New York Times
709:The New York Times
661:2009-07-15 at the
479:investment banking
428:United States Navy
328:United States Navy
247:Key figure in the
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270:John Allison
233:, 2002-2008)
175:(2013-07-14)
162:Pennsylvania
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41:Please help
36:verification
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948:2013 deaths
943:1943 births
924:Appearances
602:Connecticut
575:Time Warner
557:Fortune 100
539:John McCain
361:Vietnam War
239:(1995–1999)
223:(2009–2010)
185:Connecticut
937:Categories
862:2023-05-26
837:2023-05-26
791:2023-05-26
766:2023-05-26
722:2017-09-28
630:References
520:After the
417:philosophy
385:Fannie Mae
379:(TARP) as
351:Lieutenant
307:Allegiance
158:Pittsburgh
150:1943-08-02
69:newspapers
717:0362-4331
497:and as a
483:treasurer
465:in 1971.
461:from the
444:Nha Trang
423:in 1965.
337:1965-1969
227:TIAA-CREF
193:Education
99:July 2016
659:Archived
608:See also
598:Westport
503:New York
317:Service/
264:Children
181:Westport
905:16 July
436:Taconic
281:Parents
251:program
83:scholar
928:C-SPAN
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515:Tehran
513:, and
507:London
469:Career
459:M.B.A.
319:branch
256:Spouse
187:, U.S.
164:, U.S.
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511:Paris
419:from
90:JSTOR
76:books
907:2013
713:ISSN
555:, a
553:TIAA
413:B.A.
393:TIAA
342:Rank
249:TARP
170:Died
140:Born
62:news
926:on
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415:in
231:NYC
210:MBA
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