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