Friday, October 7, 2016

Teachers Insurance and Annuity Association of America (TIAA)





Teachers Insurance and Annuity Association of America (TIAA)
History
In 1918, Andrew Carnegie and his Carnegie Foundation for the Advancement of Teaching, under the leadership of Henry S. Pritchett, created the Teachers Insurance and Annuity Association of America (TIAA), a fully funded system of pensions for professors. Funding was provided by a combination of grants from the foundation and Carnegie Corporation of New York, as well as ongoing contributions from participating institutions and individuals.

In 1921, the policyholders voted to nominate Professor Samuel M. Lindsay of Columbia University to represent them on the TIAA board of trustees. Policyholder representation on the TIAA board was consistent with the Carnegie Foundation desire that educators assume a role in running the organization.[7]

Conservative investing allowed TIAA to survive the 1929 stock market crash and the Great Depression.

In 1933, Albert Einstein became a participant, a fact that TIAA–CREF later used in a notable 2001 advertising campaign.[8]

After World War II, in reaction to rising inflation and lengthening life expectancies, and a dramatic expansion of the education sector with the G.I. Bill, TIAA recognized the need for its participants to invest in equities in order to diversify their retirement funds. In 1952, TIAA created the College Retirement Equities Fund (CREF), a variable annuity, for that purpose.

On June 15, 2007, TIAA became one of the first U.S. companies to voluntarily adopt, and the first to implement, a policyholder advisory vote on executive compensation policy.

On August 12, 2008, TIAA–CREF announced the opening of a new office in London. The office will be staffed by local investment professionals who will extend TIAA–CREF Global Real Estate's activities in the United Kingdom and Europe.

On September 7, 2008, Herb Allison, the former chairman and CEO of TIAA–CREF, was tapped to lead beleaguered home mortgage backer Fannie Mae, as part of a government bailout engineered by U.S. Treasury Secretary Henry Paulson.

On September 14, 2012, TIAA–CREF bought Festival Place, a shopping center in Basingstoke, England for £280 million.

On May 16, 2013, TIAA–CREF purchased a 50% stake in the Grand Canal Shoppes, including the Shoppes at the Palazzo, in Las Vegas for net proceeds of $410 million USD as part of a new joint venture with General Growth Properties. GGP will continue to oversee the asset management of the project.

On April 14, 2014, TIAA–CREF announced that it would acquire Nuveen Investments in a deal valued at $6.25 billion.[9]

On February 22, 2016, TIAA-CREF rebranded as simply TIAA as part of a new marketing and imaging campaign. CMO Connie Weaver explained that the old name was perceived by customers as being complicated, and that the new branding scheme was meant to portray a simpler and friendlier image of the organization.[10][11]

On August 8, 2016, TIAA reached a deal to buy EverBank Financial Corp. for $2.5 billion in cash.

 
TIAA-CREF Lifecycle Funds – A Simple Choice

Teachers Insurance and Annuity Association of America (TIAA)
Herbert M. Allison Jr. was the chairman & president & CEO for TIAA, the president & COO at the Merrill Lynch & Co., Inc. (Bailout Company), an assistant secretary for the U.S. Department of the Treasury for the Barack Obama administration, the president & CEO for Fannie Mae (Bailout Company), and a director at the Atlantic Council of the United States (think tank).

Note: Robert M. Clements was a VP at the Merrill Lynch & Co., Inc. (Bailout Company), and is the chairman & CEO for the EverBank Financial Corp. (Bailout Company).
Open Society Foundations was a funder for the Atlantic Council of the United States (think tank), and the Carnegie Endowment for International Peace (think tank).      
George Soros is the founder & chairman for the Open Society Foundations, and was the chairman for the Foundation to Promote Open Society. 
Foundation to Promote Open Society was a funder for the Brookings Institution (think tank), the International Rescue Committee, the Carnegie Endowment for International Peace (think tank), the Urban Institute (think tank), and the NAACP Legal Defense & Educational Fund.
Cameron F. Kerry is a fellow at the Brookings Institution (think tank), and
John F. Kerry is Cameron F. Kerry’s brother, married to Teresa Heinz Kerry, and the secretary at the U.S. Department of State for the Barack Obama administration.
Teresa Heinz Kerry is an honorary trustee at the Brookings Institution (think tank), married to John F. Kerry, an emeritus life trustee at the Carnegie Mellon University, the chair for the Heinz Endowments, the vice chair for the H. John Heinz III Center for Science, Economics and the Environment, and a trustee emeritus for the Carnegie Museums of Pittsburgh.
David O. Maxwell was an honorary trustee at the Brookings Institution (think tank), a chairman & CEO for Fannie Mae (Bailout Company), and is a life trustee at the Urban Institute (think tank).
Frank V. Cahouet is an emeritus life trustee at the Carnegie Mellon University, was a director at the Heinz Endowments, and the president & COO for Fannie Mae (Bailout Company).
Rita R. Colwell was a trustee at the H. John Heinz III Center for Science, Economics and the Environment, and a leadership council member for the National Academy of Sciences.
Robert C. Merton was a member of the National Academy of Sciences, and a trustee at the College Retirement Equities Fund (CREF).
Ralph J. Cicerone is the president of the National Academy of Sciences, and a trustee at the Carnegie Corporation of New York.
Carnegie Corporation of New York was a funder for Institute for Advanced Study, the Brookings Institution (think tank), the Carnegie Endowment for International Peace (think tank), and the Nuclear Threat Initiative (think tank).
Albert Einstein was a faculty member at the Institute for Advanced Study, and the founder of the International Rescue Committee.
Andrew Carnegie was the founder of the Carnegie Corporation of New York, the endowed predecessor schools for the Carnegie Mellon University, the founder of the Carnegie Museums of Pittsburgh, the founder of the Carnegie Foundation for the Advancement of Teaching, and the founder of the Carnegie Endowment for International Peace (think tank).
David A. Hamburg is the president emeritus for the Carnegie Corporation of New York, an adviser for the Nuclear Threat Initiative (think tank), and was the president of the National Academy of Medicine.
National Academy of Medicine is a health arm for the National Academy of Sciences.
Robert C. Merton was a member of the National Academy of Sciences, and a trustee at the College Retirement Equities Fund (CREF).
Margaret A. Hamburg is a foreign secretary for the National Academy of Medicine, was a commissioner for the U.S. Food and Drug Administration (FDA), and a VP for the Nuclear Threat Initiative (think tank).
Michael R. Taylor is the deputy commissioner for foods for the U.S. Food and Drug Administration (FDA), and was a VP for public policy for the Monsanto Company.
Sharon R. Long was a director at the Monsanto Company, and a leadership council member for the National Academy of Sciences.
Robert C. Merton was a member of the National Academy of Sciences, and a trustee at the College Retirement Equities Fund (CREF).
Donald Kennedy was a commissioner for the U.S. Food and Drug Administration (FDA), and a trustee at the Carnegie Endowment for International Peace (think tank).
Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank).
Jessica Tuchman Mathews is a director at the Nuclear Threat Initiative (think tank), a director at the American Friends of Bilderberg (think tank), was the president of the Carnegie Endowment for International Peace (think tank), an honorary trustee at the Brookings Institution (think tank), and a 2008 Bilderberg conference participant (think tank).
Ed Griffin’s interview with Norman Dodd in 1982
(The investigation into the Carnegie Endowment for International Peace uncovered the plans for population control by involving the United States in war)
Mark B. McClellan was a commissioner for the U.S. Food and Drug Administration (FDA), and a senior fellow at the Brookings Institution (think tank).
Cameron F. Kerry is a fellow at the Brookings Institution (think tank), and
John F. Kerry is Cameron F. Kerry’s brother, married to Teresa Heinz Kerry, and the secretary at the U.S. Department of State for the Barack Obama administration.
Teresa Heinz Kerry is an honorary trustee at the Brookings Institution (think tank), married to John F. Kerry, the vice chair for the H. John Heinz III Center for Science, Economics and the Environment, an emeritus life trustee at the Carnegie Mellon University, and a trustee emeritus for the Carnegie Museums of Pittsburgh.
Rita R. Colwell was a trustee at the H. John Heinz III Center for Science, Economics and the Environment, and a leadership council member for the National Academy of Sciences.
Robert C. Merton was a member of the National Academy of Sciences, and a trustee at the College Retirement Equities Fund (CREF).
Bill & Melinda Gates Foundation was a funder for the Brookings Institution (think tank), the Carnegie Foundation for the Advancement of Teaching, the Urban Institute (think tank), and the International Rescue Committee.
David O. Maxwell is a life trustee at the Urban Institute (think tank), was an honorary trustee at the Brookings Institution (think tank), and a chairman & CEO for Fannie Mae (Bailout Company).
Anthony S. Downs is a life trustee at the Urban Institute (think tank), a director emeritus for the NAACP Legal Defense & Educational Fund, and was a director at the General Growth Properties, Inc.
Albert Einstein was a faculty member at the Institute for Advanced Study, and the founder of the International Rescue Committee.
International Rescue Committee is a partner with the ONE Campaign.
Michelle Obama was an advocate for the ONE Campaign, and a lawyer at Sidley Austin LLP.
R. Eden Martin is counsel at Sidley Austin LLP, and the president of the Commercial Club of Chicago.       
Barack Obama was an intern at Sidley Austin LLP.
Sidley Austin LLP was the lobby firm for the Monsanto Company.         
Newton N. Minow is a senior counsel at Sidley Austin LLP, a member of the Commercial Club of Chicago, and an honorary trustee at the Carnegie Corporation of New York.
Carnegie Corporation of New York was a funder for Institute for Advanced Study, the Brookings Institution (think tank), the Carnegie Endowment for International Peace (think tank), and the Nuclear Threat Initiative (think tank).
Mark B. McClellan was a senior fellow at the Brookings Institution (think tank), and a commissioner for the U.S. Food and Drug Administration (FDA).
Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank).
Donald Kennedy was a trustee at the Carnegie Endowment for International Peace (think tank), and a commissioner for the U.S. Food and Drug Administration (FDA).
Michael R. Taylor is the deputy commissioner for foods for the U.S. Food and Drug Administration (FDA), and was a VP for public policy for the Monsanto Company.
Sharon R. Long was a director at the Monsanto Company, and a leadership council member for the National Academy of Sciences.
Robert C. Merton was a member of the National Academy of Sciences, and a trustee at the College Retirement Equities Fund (CREF).
Sidley Austin LLP was the lobby firm for the Monsanto Company.
Barack Obama was an intern at Sidley Austin LLP.
Michelle Obama was a lawyer at Sidley Austin LLP, and an advocate for the ONE Campaign.  
International Rescue Committee is a partner with the ONE Campaign.
Albert Einstein was the founder of the International Rescue Committee, and a faculty member at the Institute for Advanced Study.
Carnegie Corporation of New York was a funder for Institute for Advanced Study, the Brookings Institution (think tank), the Carnegie Endowment for International Peace (think tank), and the Nuclear Threat Initiative (think tank).
Newton N. Minow is an honorary trustee at the Carnegie Corporation of New York, a senior counsel at Sidley Austin LLP, and a member of the Commercial Club of Chicago.
R. Eden Martin is counsel at Sidley Austin LLP, and the president of the Commercial Club of Chicago.       
Commercial Club of Chicago, Members Directory A-Z (Past Research)
Tuesday, December 17, 2013
Cyrus F. Freidheim Jr. is a member of the Commercial Club of Chicago, and an honorary trustee at the Brookings Institution (think tank).    
William M. Daley is a member of the Commercial Club of Chicago, was the chief of staff for the Barack Obama administration, and a director at the Joffrey Ballet.
Lorna Ferguson is a director at the Joffrey Ballet, and the VP for Nuveen Investments.

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