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11.01.02
Politics and Economy:
Exclusive interview with John H. Biggs
More on This Story:
John H. Biggs Bill Moyers interviewed John H. Biggs, Chairman and CEO of TIAA-CREF.

Biggs was a nominee to head the Public Company Accounting Oversight Board until the Securities and Exchange Commission approved the selection of William H. Webster to head the board on October 25. The bitterly contested 3-2 vote which approved Webster, the former director of the CIA and the FBI, was widely criticized by Wall Street leaders and by Paul Sarbanes, the Maryland Senator and chairman of the Senate Banking Committee, who was the main author of the law that created the new board. Mr. Biggs's appearance on NOW is his only television interview since the October 25 SEC vote.

Read the full transcript of the Biggs interview.

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John H. Biggs

John H. Biggs has been Chairman and Chief Executive Officer of TIAA-CREF since January 1993. Previously, Mr. Biggs served as President and Chief Operating Officer from 1989 to 1993. He also serves as a TIAA and CREF Trustee.

Mr. Biggs began his professional career with the General American Life Insurance Company in 1958. He served in various actuarial management positions for the company and in 1970 was appointed Vice President and Controller. In 1977, Mr. Biggs became Vice Chancellor for Administration and Finance at Washington University in St. Louis. He was named President and CEO of Centerre Trust Company, St. Louis, in 1985.

A native of St. Louis, Mr. Biggs earned an A.B. degree in classics from Harvard University, and a Ph.D. in economics from Washington University, St. Louis. Mr. Biggs is a Fellow of the Society of Actuaries.

He is a Director of the Boeing Company, and former Chairman of the Board of the National Bureau of Economic Research. He serves as a trustee of the International Accounting Standards Committee Foundation.

He is also a Director and former Chairman of the United Way of New York City. He is a Trustee of Washington University and the Danforth Foundation in St. Louis, and The J. Paul Getty Trust.

He is a member of the American Academy of Arts and Sciences, and the Council on Foreign Relations.

Mr. Biggs has published a number of papers on variable annuities, social security, regulation and taxation of pension plans, and demographic effects on pensions.



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