Jay S. Fishman

Jay S. Fishman (Born November 4, 1952, in New York, New York)[1] is employed as Chairman of the Board of Directors of The Travelers Companies (TRV).[2] Fishman served as Chairman and Chief Executive Officer of The Travelers Companies for 11 years prior to stepping down in December of 2015 following a diagnosis of ALS.[2]

Education

Fishman received a master's degree in accounting from the Wharton School of Business and graduated with a bachelor's degree in economics, magna cum laude, from the University of Pennsylvania.[3]

Career

From 1989 to October 2001, Fishman held several key executive posts at Commercial Credit Corp., Primerica, Travelers, and Citigroup.

Fishman has served as Chairman and CEO of TRV since a merger between The St. Paul Companies, Inc. (where Fishman had been Chairman, CEO, and President) and Travelers Companies first formed TRV in April 2004.

Prior to October 2001, Fishman served as Chairman, CEO, and President of The Travelers Insurance Group, Inc., (which became Travelers Property Casualty Corp. in 2002 and merged with a subsidiary of St. Paul in 2004) and as CEO and President of Travelers Property Casualty Corp. (which became Travelers Insurance Group Holdings Inc. in 2002) also serving as Chairman of Holdings from March 2000 to January 2001.

Fishman serves at the University of Pennsylvania, as a member of the Board of Trustees, the Board of Overseers of the Graduate School of Education, and the Industry Advisory Board of the Financial Institutions Center for The Wharton School. He also serves on the Board of Directors of the National Academy Foundation.[4] He is an honored member of the Advisory Committee of the Jazz Foundation of America.[5]

In June 2012, Fishman was named chairman of the Board of Directors of New York City Ballet.[6] He serves on the Board of the Lincoln Center for the Performing Arts.[7] He is a trustee of the New York-Presbyterian Hospital[8] and a director of Exxon Mobil Corporation.[9]

On August 4, 2015, Fishman announced he was stepping down as CEO due to his battle with the progressive neurological disease amyotrophic lateral sclerosis, better known as Lou Gehrig's Disease.[10]

Compensation

While CEO of The Travelers Companies in 2008, Fishman earned a total compensation of $16,821,125; which included a base salary of $1,000,000; a cash bonus of $5,000,000, stock granted of $7,199,977; options granted of $2,998,547; and other compensation of $622,601.[11]

See also

References

  1. ↑ Jay S. Fishman 1952— Biography - A top insurance executive, A demon boss
  2. 1 2 Lee, Mara (December 1, 2015). "Travelers CEO Jay Fishman Steps Down After ALS Diagnosis". Harford Courant (Hartford Courant Media). Retrieved December 1, 2015.
  3. ↑ Jay S. Fishman Executive Profile and Biography
  4. ↑ "The Travelers Companies, Inc. - Investor Relations - Corporate Governance - Biography". Investor.travelers.com. 2004-04-01. Retrieved 2012-12-02.
  5. ↑
  6. ↑ Wakin, Daniel J. (2012-06-13). "City Ballet Board Names Jay S. Fishman as Chairman". NYTimes.com. Retrieved 2012-12-02.
  7. ↑ "About Lincoln Center". Lincoln Center. Retrieved December 3, 2015.
  8. ↑ "Board of Trustees - New York Presbyterian Hospital". Nyp.org. 2012. Retrieved 2015-12-01.
  9. ↑ "Exxon Mobil Corporation Board of Directors". Corporate.exxonmobil.com. 2010. Retrieved 2015-12-01.
  10. ↑ Vardi, Nathan (2015-11-30). "How Jay Fishman Decided To Step Down As Travelers CEO And Battle ALS". Forbes. Retrieved 2015-12-01.
  11. ↑ "George W. Buckley at 3M (MMM) Executive Compensation". Equilar.com. 2004-04-01. Retrieved 2012-12-02.
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