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Loews Corp (L.N)

L.N on New York Stock Exchange

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18 May 2018
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Summary

Name Age Since Current Position

Andrew Tisch

68 2006 Co-Chairman of the Board , Office of the President

Jonathan Tisch

64 2006 Co-Chairman of the Board, Office of the President

James Tisch

65 1999 President, Chief Executive Officer, Office of the President , Director

David Edelson

58 2014 Senior Vice President and Chief Financial Officer

Richard Scott

64 2009 Senior Vice President and Chief Investment Officer

Marc Alpert

55 2016 Senior Vice President, General Counsel, Secretary

Kenneth Siegel

60 2009 Senior Vice President

Paul Fribourg

64 Lead Independent Director

Lawrence Bacow

66 2011 Independent Director

Ann Berman

65 2006 Independent Director

Joseph Bower

79 2001 Independent Director

Charles Davidson

68 2015 Independent Director

Charles Diker

83 2003 Independent Director

Jacob Frenkel

75 2009 Independent Director

Walter Harris

66 2004 Independent Director

Philip Laskawy

77 2003 Independent Director

Kenneth Miller

75 2008 Independent Director

Susan Peters

64 Independent Director

Anthony Welters

63 2013 Independent Director

Biographies

Name Description

Andrew Tisch

Mr. Andrew H. Tisch is Office of the President, Co-Chairman of the Board of the company. He is Co-Chairman of the Board, Chairman of the Executive Committee and a member of the Office of the President of Loews. Mr. Tisch is also a director of our subsidiaries, CNA, Diamond Offshore and the general partner of Boardwalk Pipeline. He was also a director of K12 Inc. from 2001 to 2017. EXPERIENCE: Mr. Tisch has served as a member of Loews’s Office of the President since 1999 and, prior to that time, had served the company in a number of other executive positions. This experience has provided him with broad knowledge of and insight into Loews and its operations and businesses and has enabled him to be instrumental in providing our company with strategic direction and operational oversight. Our Board and its Nominating and Governance Committee believe that his direct experience in managing Loews’s business, as well as his institutional knowledge, is of critical importance to our Board in fulfilling its responsibilities.

Jonathan Tisch

Mr. Jonathan M. Tisch is Co-Chairman of the Board, Office of the President of the Company. He is Co-Chairman of the Board and a member of the Office of the President of Loews, and Chairman and, since October 2016, Chief Executive Officer of our subsidiary, Loews Hotels. EXPERIENCE: Mr. Tisch has served as a member of Loews’s Office of the President since 1999 and, prior to that time, had served the company in a number of other executive positions. This experience has provided him with broad knowledge of and insight into Loews and its operations and businesses and has enabled him to be instrumental in providing our company with strategic direction and operational oversight. Our Board and its Nominating and Governance Committee believe that his direct experience in managing Loews’s business, as well as his institutional knowledge, is of critical importance to our Board in fulfilling its responsibilities.

James Tisch

Mr. James S. Tisch is President, Chief Executive Officer, Office of the President, Director of the company. Mr. Tisch is also a President and Chief Executive Officer and a member of the Office of the President of Loews. Mr. Tisch is also a director of General Electric Company, and our subsidiary, CNA, and Chairman of the Board of our subsidiary, Diamond Offshore. EXPERIENCE: Mr. Tisch has served as a member of Loews’s Office of the President since 1999 and, prior to that time, had served the company in a number of other executive positions, giving him extensive knowledge of Loews, its operations and the businesses in which it is engaged, and enabling him to be instrumental in providing our company with both strategic direction and day-to-day operational oversight. Our Board and its Nominating and Governance Committee believe that his direct experience in managing Loews’s business, as well as his institutional knowledge, is of critical importance to our Board in fulfilling its responsibilities.

David Edelson

Mr. David B. Edelson is Senior Vice President and Chief Financial Officer of the company. He served as Corporate Treasurer of JPMorgan Chase & Co., where he worked from 1997 until joining Loews. He also spent over 10 years as an investment banker at Goldman Sachs & Co. Mr. Edelson holds his MBA from the Stanford Graduate School of Business and his AB from Dartmouth College where he graduated magna cum laude. He is an active trustee of Central Synagogue in Manhattan and the Jewish Board of Family & Children's Services.

Richard Scott

Mr. Richard Waldo Scott is Senior Vice President, Chief Investment Officer of the company. He has been officer since 2009.

Marc Alpert

Kenneth Siegel

Paul Fribourg

Mr. Paul J. Fribourg is Lead Independent Director of the Company. He is the Chairman of the Board, President and Chief Executive Officer of Continental Grain Company, an international agribusiness and investment company. Mr. Fribourg is also a director of Estee Lauder Companies, Inc., Restaurant Brands International, Inc., and Apollo Global Management, LLC. EXPERIENCE: Mr. Fribourg has had extensive and practical hands-on experience as the Chief Executive Officer of Continental Grain Company, a major industrial company with broad international operations. This background gives Mr. Fribourg particular insight into many of the business decisions that come before our Board.

Lawrence Bacow

Dr. Lawrence S. Bacow is an Independent Director of the Company. Dr. Bacow served as President-in-Residence of the Harvard Graduate School of Education from 2011 until 2014 and President of Tufts University from 2001 until 2011. Dr. Bacow is also a director of Henry Schein, Inc. and was a director of Boston Properties, Inc. from 2003 until 2012. He has been a director of the Company since 2011. Dr. Bacow’s experience as an educator and as President of Tufts University, coupled with his experience as a consultant to a variety of companies and as a director of a public company provides him with a wealth of knowledge and experience which are valuable to our Board in its deliberations.

Ann Berman

Ms. Ann E. Berman is Independent Director of the Company. She is Retired advisor to the President of Harvard University. Ms. Berman is also a director of Eaton Vance Corporation and Cantel Medical Corp. EXPERIENCE: Ms. Berman’s experience, including having served as Vice President of Finance and Chief Financial Officer of Harvard University, has provided her with a deep knowledge of the complex financial issues faced by large institutions such as Loews. In addition, her past service on the board of the Harvard Management Company, which oversees the management of Harvard’s endowment, gives her extensive experience in dealing with large and diverse investment portfolios such as those maintained by Loews and its subsidiaries. This knowledge and experience is valuable to our Board and qualifies her to serve as one of the two financial experts on our Board’s Audit Committee.

Joseph Bower

Prof. Joseph L. Bower, Ph.D., is an Independent Director of the Company. Prior to July 2014, Prior to July 2014, Professor Bower served as Baker Foundation Professor of Business Administration at Harvard University. Professor Bower is also a director of Anika Therapeutics, Inc. and New America High Income Fund, Inc. He was also a director of Sonesta International Hotels Corporation from 1984 until 2012. EXPERIENCE: Professor Bower has served as a Professor of Business Administration for over 45 years. For many years his scholarship has had a particular emphasis on corporate management, organization and leadership. His study and knowledge in this area serve to enhance our Board’s ability to fulfill its oversight responsibility with respect to Loews’s management.

Charles Davidson

Mr. Charles D. Davidson is Independent Director of the Company. Mr. Davidson is a Venture Partner at Quantum Energy Partners, a private equity fund specializing in investments in energy businesses, since 2015. Mr. Davidson served as Chief Executive Officer of Noble Energy Inc., an independent producer of oil and natural gas, from 2000 through 2014, and was Chairman of the Board of Noble until his retirement in May 2015. Mr. Davidson is also a director, and is expected at the end of March 2018 to become Chairman, of Jagged Peak Energy, Inc. EXPERIENCE: Mr. Davidson has worked in the oil and gas industry for over forty years, including as President and Chief Executive Officer of Noble. His extensive experience with oil and gas operations, as well as management of a large, complex, multinational organization, give him knowledge and insights that are valuable to our Board, particularly in overseeing the business of our energy industry subsidiaries, Diamond Offshore Drilling Inc. and Boardwalk Pipeline Partners, LP.

Charles Diker

Mr. Charles M. Diker is an Independent Director of te Company. He is the Managing Partner of Diker Management LLC, a registered investment adviser. Mr. Diker is also the Chairman of the Board of Cantel Medical Corp. EXPERIENCE: Mr. Diker has had wide-ranging experience in the investment advisory field, as well as in the management or on the boards of several operating businesses. This combination of experiences as an investment professional and a key executive at operating companies is a valuable attribute Mr. Diker brings to our Board, particularly in light of Loews’s varied investment and business interests.

Jacob Frenkel

Dr. Jacob A. Frenkel is an Independent Director of the Company. He is the Chairman of JPMorgan Chase International, the international unit of bank JPMorgan Chase & Co., a member of the International Council of JPMorgan Chase & Co., and Chairman of the Board of Trustees of the Group of Thirty, a nonprofit consultative group on international economic and monetary affairs. Dr. Frenkel is also a director of Boston Properties, Inc. EXPERIENCE: Dr. Frenkel brings to our Board broad experience in international economic and monetary affairs. He has held senior executive positions at large financial institutions and governmental bodies, served as Governor of the Bank of Israel and also has served as a Professor of International Economics at the University of Chicago. This wide-ranging experience has provided Dr. Frenkel with valuable knowledge and skills which allow him to make important contributions to the work of our Board.

Walter Harris

Mr. Walter L. Harris is an Independent Director of the Company. He is the President and Chief Executive Officer of FOJP Service Corporation, a provider of risk management services to hospitals, long-term care facilities and social service agencies in New York City, and Hospitals Insurance Company, a provider of insurance coverages and services to hospitals, long-term care facilities, physicians and healthcare professionals in New York State. Prior to that, Mr. Harris was an independent consultant, and from December 2010 until June 2013, he was Vice Chairman of Alliant Insurance Services, Inc. and President of its wholly-owned subsidiary, T&H Group, Inc., an insurance brokerage firm. EXPERIENCE: Mr. Harris has extensive experience and knowledge regarding the commercial insurance industry, which is particularly valuable to our Board in light of Loews’s significant interest in the insurance industry as represented by one of our principal subsidiaries, CNA.

Philip Laskawy

Mr. Philip A. Laskawy is Independent Director of the Company. He is the Retired Chairman and Chief Executive Officer of Ernst & Young LLP, an international accounting firm. Mr. Laskawy is also a director of Henry Schein, Inc. and Lazard Ltd. He was a director of General Motors Corporation from 2009 until 2013 and Federal National Mortgage Association (Fannie Mae) from 2008 until 2014. EXPERIENCE: Mr. Laskawy brings to our Board extensive knowledge of and skills in financial and accounting matters, having served as Chairman and Chief Executive Officer of one of the largest public accounting firms in the United States. This qualifies him to serve as one of the two financial experts on our Board’s Audit Committee. Mr. Laskawy’s knowledge and skills are especially valuable to our Board in understanding and dealing with financial and accounting issues.

Kenneth Miller

Mr. Kenneth H. Miller is an Independent Director of the Company. He is the President and Chief Executive Officer of Ken Miller Capital, LLC, a merchant banking firm. Mr. Miller served as Senior Advisor to Teneo Holdings, a consulting firm, from 2012 to 2016. He has been a director of the Company since 2008. Mr. Miller has served as a financier and financial advisor for most of his business career. His experience in having served as a director of a variety of companies, as well as his skills in evaluating businesses and his experience in providing advice to third parties on financial transactions and capital markets, serve our Board well.

Susan Peters

Ms. Susan Peters is Independent Director of the Company. She is Retired Senior Vice President of Human Resources of General Electric Company, a global digital industrial company, a position which she held from July 2013 until December 2017. Prior to that she was Vice President, Executive Development & Chief Learning Officer at General Electric. EXPERIENCE: Ms. Peters’ experience during her 38-year career at General Electric, in which she held positions of increasing responsibility and which culminated in her serving as the chief human resources officer and a member of the senior leadership team, has provided her with deep domain expertise in talent management, operational optimization, executive compensation and leadership development at the highest level that will serve our Board well.

Anthony Welters

Mr. Anthony Welters is an Independent Director of the Company. He is Executive Chairman of Black Ivy Group, LLC, a values-driven investment company that builds and grows commercial enterprises in Sub-Saharan Africa, since 2013. Mr. Welters served as Senior Advisor to the Office of the Chief Executive Officer of UnitedHealth Group Incorporated from 2014 until his retirement in 2016. Prior to that he was Executive Vice President and a Member of the Office of the Chief Executive Officer of UnitedHealth Group and led its Public and Senior Markets Group. He joined UnitedHealth Group in 2002 upon its acquisition of AmeriChoice, a healthcare company he founded in 1989. He is also an attorney. Mr. Welters is also a director of the Carlyle Group and was a director of West Pharmaceutical Services, Inc. from 1997 until 2016 and of C.R. Bard, Inc. from 1999 to 2017. EXPERIENCE: Mr. Welters’ experience as a senior executive at a large, complex health insurance company, as well as his service as a director of several public companies and his work with numerous educational and philanthropic organizations, give him a range of knowledge and skills that are very valuable to our Board.

Basic Compensation

Name Fiscal Year Total

Andrew Tisch

10,279,700

Jonathan Tisch

10,374,400

James Tisch

12,262,700

David Edelson

10,692,600

Richard Scott

--

Marc Alpert

--

Kenneth Siegel

9,917,540

Paul Fribourg

285,000

Lawrence Bacow

225,000

Ann Berman

225,000

Joseph Bower

265,000

Charles Davidson

207,500

Charles Diker

235,000

Jacob Frenkel

235,000

Walter Harris

275,000

Philip Laskawy

225,000

Kenneth Miller

210,000

Susan Peters

--

Anthony Welters

207,500
As Of  31 Dec 2017