Word: shankses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
The nation's second largest life insurance company last week decided to wink at its own actuarial tables. To succeed retiring Carrol M. Shanks, 62, as president, the Prudential Insurance Co. (outranked only by Metropolitan Life) picked Executive Vice President Louis R. Menagh Jr., 68, a 46-year Prudential...
Menagh, born in Brooklyn, joined the Pru right out of Rutgers ('14). He studied mathematics on the side, worked his way up to assistant actuary, during the '303 was placed in charge of the Pru's underwriting and claims departments. After playing a starring role in carrying...
"I wish more freedom of personal action than I believe is in some circles deemed proper if I remain president of Prudential." So said Carrol M. Shanks, 62, announcing his resignation last week as boss of the giant Prudential Insurance Co. of America.
Earlier this year Shanks learned the hard way the limits on the personal actions of the man who publicly presides over the second-largest U.S. life insurance company (first: Metropolitan Life Insurance Co.). He made a personal deal with Georgia-Pacific Corp., a big Prudential borrower, to buy timber, then...
Now, as plain Carrol Shanks, he will be able to wheel and deal at will.