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57-450: The park was built for the 1994 season, although it opened several weeks late due to a rough winter that hampered construction. The sod also was unable to take properly that season, and the field did not properly drain, leading to rainouts on evenings where the sun had been out since noon. The drainage problem was fixed in 1995. The stadium's original name was "Mercer County Waterfront Park" when it opened in 1994. "Samuel J. Plumeri Sr. Field"

114-588: A halfback for Lou Holtz ) and baseball team (as a second baseman and outfielder). He was also a member of Pi Kappa Alpha . Upon graduation, he first taught History for two years at Langhorne 's Neshaminy High School in Bucks County , in Pennsylvania. There, he also coached football and two other sports. In 1968, he was in the Army Reserve for six months at Fort Jackson, South Carolina . After he

171-560: A seat or office of authority since the middle of the 17th century; its earliest citation in the Oxford English Dictionary dates to 1658–1659, four years after the first citation for chairman . Feminist critiques have analysed Chairman as an example of sexist language, associating the male gender with the exercise of authority, this has led to the widespread use of the generic "Chairperson". In World Schools Style debating , as of 2009, chairperson or chair refers to

228-407: A New York hotel, he noticed that one was not wearing his Willis lapel pin. The paper described it as "probably a sacking offense". Thinking quickly, the executive responded: "I'm sorry, sir. I must have left it on my pyjamas." To bolster enhanced communication and cooperation, he ordered that all office doors remain open (or had them removed, including the door to his own office). He lowered

285-571: A Vice Chairman of Travelers Group Inc. almost immediately thereafter. Plumeri was then made Chairman & CEO of Travelers Group 's Primerica Financial Services division (Primerica), a position he held from 1995 to 1999. In 1997, Plumeri earned at least $ 3 million ($ 5,690,000 today) in compensation. In 1998, Primerica had net income of $ 398 million (on net sales of $ 1.65 billion), nearly double its 1994 $ 209 million net income (on net sales of $ 1.28 billion). Speaking of his approach in business, Plumeri said: I am an emotional person with

342-596: A family restaurant named "Plumeri" in TriBeCa with his son Jay. In 2010 his son opened a restaurant named "Race Lane" in East Hampton, New York . Plumeri Park is the 1,000-seat baseball facility of the William & Mary Tribe baseball team since 1999, constructed in large part on the basis of a donation by Plumeri in the autumn of 1996. He had it named in honor of his father. In 2008, he provided $ 2 million to create

399-558: A lot of drive, and that has caused some problems in my career. But I come from the view that you've got to be yourself, for better or worse. And what got me where I am today was my emotion. Plumeri worked on the amalgamation of Travelers Group and Citicorp after the $ 70 billion ($ 128,030,364,000 today) 1999 merger of the two to form Citigroup Inc. Following the integration, he was appointed CEO of Citibank, North America by Citigroup co-Chairmen Weill and John Reed . J. Paul Newsome, an analyst with CIBC Oppenheimer , said: "He's not

456-431: A lot of questions", but noted that "When you are in virgin territory without any baggage, sometimes that is better because you don't have a sense of what you can't do." On arrival, Plumeri tried to unify the staff and create a sense of teamwork by providing each employee with a lapel pin and requiring them to wear it. The Sunday Times reported that once when Plumeri had a breakfast meeting with two of his executives at

513-442: A neutral manner, not directly implying the gender of the holder. In meetings or conferences, to "chair" something (chairing) means to lead the event. Terms for the office and its holder include chair , chairperson , chairman , chairwoman , convenor , facilitator , moderator , president , and presiding officer . The chair of a parliamentary chamber is sometimes called the speaker . Chair has been used to refer to

570-644: A policy which extends to his own office. In 2009, he struck a deal that led to the 110-story Sears Tower in Chicago, the tallest building in North America, being renamed the Willis Tower , as the company rented 140,000 square feet (13,000 m ) of its office space. He and Mayor Richard Daley unveiled a sign with the new name in a ceremony in July. Plumeri said: "You can call it anything you want... you can call it

627-512: Is also an inviting target for left-handed sluggers, several of whom have deposited baseballs into the water. Similar to Great American Ball Park in Cincinnati, Ohio and its river border with Kentucky , the ballpark also holds the possibility of having someone "hit one out of the state" since the middle of the Delaware River is the border with Pennsylvania. On June 7, 1994, Tony Clark became

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684-563: Is sometimes called the American model. Having a non-executive chair is common in the UK and Canada; this is sometimes called the British model. Expert opinion is rather evenly divided over which is the preferable model. There is a growing push by public market investors for companies with an executive chair to have a lead independent director to provide some element of an independent perspective. The role of

741-577: The 2021 reorganization of Minor League Baseball . On July 8, 1996, the ballpark hosted the Double-A All-Star Game in which a team of National League -affiliated All-Stars defeated a team of American League -affiliated All-Stars, 6–2, before 8,369 people in attendance. In June 2014, the park hosted the first-ever, gold- and bronze-medal games in baseball for the Special Olympics USA National Games . In 2018, it hosted

798-946: The Churchill Centre and Museum at the Cabinet War Rooms in London. Plumeri co-owns the Trenton Thunder . The team plays at Samuel J. Plumeri Sr. Field , the 6,341-seat stadium he named after his father in 1999. In 2001, he became the co-owner of another New Jersey minor league baseball team, the Jersey Shore BlueClaws , the High-A affiliate of the Philadelphia Phillies . It is located in Lakewood in Ocean County , on

855-734: The Jersey Shore . He also invested £100,000 towards a minority interest in the Plymouth Argyle Football Club in the United Kingdom, giving him an indirect ownership interest in the club of less than 1%. He was introduced to the team by its chairman Sir Roy Gardner , who is also on the Willis board. Plumeri was commissioner of the New Jersey Sports and Exposition Authority from 1997 to 2004. In December 2001, he opened

912-588: The Make-a-Wish Foundation . Plumeri is the son of Samuel J. Plumeri Sr. (a Trenton city commissioner and local businessman, who died in 1998) and Josephine Plumeri (who died in 2012). His grandparents immigrated to the United States from Villalba, Sicily . He was raised in North Trenton, New Jersey , in a working-class family. Speaking of his father, he said: "He never quit, and he always saw

969-452: The Wall Street area. Entering 55 Broad Street , he looked at the lobby directory and noticed the name Carter, Berlind & Weill . Assuming (incorrectly) that if a firm had three names or more than it must be a law firm, he applied for a job. He decided to take a position with the firm even after he discovered it was not a law firm but a brokerage house. The man he interviewed with

1026-499: The 'Big Willie' for all I care. As a matter of fact, I wish you would." Plumeri received compensation of $ 8.1 million in 2007, $ 19.9 million in 2008, and $ 10.9 million in 2009 (consisting of a salary of $ 1 million, bonus of $ 1.7 million, restricted stock awards of $ 7.3 million, and other compensation of $ .9 million). Willis extended his contract in January 2010 until July 7, 2013. As of March 2010, Plumeri owned 3.8 million shares of

1083-514: The CEO; unlike an executive chair, a non-executive chair does not interfere in day-to-day company matters. Across the world, many companies have separated the roles of chair and CEO, saying that this move improves corporate governance. The non-executive chair's duties are typically limited to matters directly related to the board, such as: Many companies in the US have an executive chair; this method of organization

1140-693: The Eastern League All-Star Game. The ballpark set a record for game attendance on July 3, 2011, when the Thunder played the Altoona Curve . The game had the fortune of falling on the Independence Day holiday weekend, as well as featuring an injury rehabilitation appearance by Derek Jeter of the New York Yankees , the Thunder's major league affiliate at the time. The official attendance for

1197-614: The Plumeri Awards for Faculty Excellence at William & Mary. He also funded the Joseph J. Plumeri Business Scholarship, the Joseph J. Plumeri Endowment Fund for baseball scholarships for the school, and the W&;M/Plumeri Pro-Am Golf Tournament. Chairman The chair , also chairman , chairwoman , or chairperson , is the presiding officer of an organized group such as a board , committee , or deliberative assembly . The person holding

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1254-523: The Plumeris by chance met Henry Kravis whose leveraged buyout firm, Kohlberg Kravis Roberts (KKR), had purchased the Willis Group in 1998 for $ 1.4 billion. When Kravis asked what he was doing, Plumeri's wife jokingly said: "Find him a job". Kravis called him two weeks later, and suggested that Plumeri run Willis. Initially, Plumeri had no interest in the position. He said: "I really didn't want

1311-696: The Presidium of the Presidium of the Supreme Soviet ". In Communist China, Mao Zedong was commonly called "Chairman Mao", as he was officially Chairman of the Chinese Communist Party and Chairman of the Central Military Commission . In addition to the administrative or executive duties in organizations, the chair presides over meetings. Such duties at meetings include: While presiding,

1368-535: The boards of Telex Communications (from 2000), Commerce Bancorp (from 2003), the Council on Foreign Relations , and the American Institute for Chartered Property Casualty Underwriters. Now he serves on the boards of The National Center on Addiction and Substance Abuse at Columbia University , Mount Sinai Medical Center , Intrepid Sea, Air & Space Museum , Jackie Robinson Foundation , Carnegie Hall , and

1425-477: The chair has the power to discipline them. There are three common types of chair in public corporations. The chief executive officer (CEO) may also hold the title of chair, in which case the board frequently names an independent member of the board as a lead director. This position is equivalent to the position of président-directeur général in France. Executive chair is an office separate from that of CEO, where

1482-415: The chair in a private equity-backed board differs from the role in non-profit or publicly listed organizations in several ways, including the pay, role and what makes an effective private-equity chair. Companies with both an executive chair and a CEO include Ford , HSBC , Alphabet Inc. , and HP . A vice- or deputy chair, subordinate to the chair, is sometimes chosen to assist and to serve as chair in

1539-412: The chair should remain impartial and not interrupt a speaker if the speaker has the floor and is following the rules of the group. In committees or small boards, the chair votes along with the other members; in assemblies or larger boards, the chair should vote only when it can affect the result. At a meeting, the chair only has one vote (i.e. the chair cannot vote twice and cannot override the decision of

1596-440: The chairman was the master of ceremonies who announced the performances and was responsible for controlling any rowdy elements in the audience. The role was popularised on British TV in the 1960s and 1970s by Leonard Sachs , the chairman on the variety show The Good Old Days . "Chairman" as a quasi-title gained particular resonance when socialist states from 1917 onward shunned more traditional leadership labels and stressed

1653-534: The collective control of Soviets (councils or committees) by beginning to refer to executive figureheads as "Chairman of the X Committee". Lenin , for example, officially functioned as the head of Soviet Russian government not as prime minister or as president but as "Chairman of the Council of People's Commissars ". At the same time, the head of the state was first called "Chairman of the Central Executive Committee " (until 1938) and then "Chairman of

1710-633: The company back to public ownership in an IPO , and had it listed on the New York Stock Exchange . At the time, its stock price was $ 13.50. Within two years, by May 2, 2003, it was $ 31.27, an increase of 132%. On February 27, 2004, it was at $ 38.35. For 2002, the company's net income was $ 210 million. In 2003, it rose to $ 414 million. By February 2007, he had grown the company at an annual rate of 12% per year. In 2008, Plumeri headed Willis' $ 2.1 billion acquisition of U.S. rival Hilb, Rogal & Hobbs Co. (HRH). By August 2008, Willis

1767-658: The company's first non-British CEO and first non-insurance industry CEO. The staid, nearly 200-year-old, tradition-laden British-based company (established in 1828) had just incurred a loss in 1999 of $ 104 million ($ 190,000,000 today). "This is exactly the kind of leadership opportunity I've been looking for to focus the next stage of my career", Plumeri decided. His five-year contract provided for an annual base salary of $ 1 million, guaranteed bonuses of $ 1 million annually, further incentive bonuses, and stock options for 5.2 million Willis shares at approximately $ 2.80 per share. Plumeri pledged to his employees that as long as he

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1824-519: The company, representing 2.3%. By 2010, Willis had 17,000 employees in 400 offices located in 120 countries. With regards to his philosophy of life, Plumeri said: "I’m from the school of anything's possible. I’m from the group that says it doesn’t matter where you are from, but that it does matter how big you dream." On August 19, 2013, Kohlberg Kravis Roberts & Co. LP announced Plumeri's appointment as Senior Advisor. Plumeri's concurrent board responsibilities outside of Willis have included

1881-620: The first player to hit a fair ball into the Delaware. The stadium anchors an area of rejuvenation in Trenton that also includes office buildings, nightclubs, and the CURE Insurance Arena , several blocks away, for ice hockey , basketball and arena football . Joe Plumeri Joseph J. Plumeri II (born July 7, 1943) is vice chairman of the First Data Board of Directors. He

1938-540: The game was 9,212. When Alex Rodriguez played two games on back-to-back nights in August 2013, the official attendance was reported at 8,080 and 8,113, respectively. While the outfield in left and center field is covered with advertising signs that obscure views of Route 29 and nearby houses, the right field fence was kept as a short structure so that fans could see the Delaware River and Pennsylvania beyond. The river

1995-493: The good in everything. He was a dreamer, and because of my father ... I have an affection for people who are passionate." Plumeri attended Trenton Catholic High School and Bordentown Military Institute (1962). He then studied at The College of William & Mary , graduating in 1966 with a B.A. in History and Education. While an undergraduate, he played on the William & Mary Tribe football team (on scholarship as

2052-419: The group management board in 2006, HSBC's chair essentially held the duties of a chief executive at an equivalent institution, while HSBC's chief executive served as the deputy. After the 2006 reorganization, the management cadre ran the business, while the chair oversaw the controls of the business through compliance and audit and the direction of the business. Non-executive chair is also a separate post from

2109-433: The group unless the organization has specifically given the chair such authority). The powers of the chair vary widely across organizations. In some organizations they have the authority to hire staff and make financial decisions. In others they only make recommendations to a board of directors , or may have no executive powers, in which case they are mainly a spokesperson for the organization. The power given depends upon

2166-486: The height of the partitions between cubicles. He himself flew about 400,000 miles (640,000 km) a year to meet with people, to help build the company. The CEO of the company's global markets division, Grahame J. Millwater, said: "The sheer dynamism of the individual took us a little bit by surprise. We had a very different management style before." Plumeri observed: Many companies do not articulate to their employees why they are there. You’ve got to figure out what

2223-620: The home run is. What we are doing here is creating a company whose value grows, and that value is measured by the price of our stock. That's the scoreboard.... Once people understand and buy into the vision, it's amazing what one can do.... If you don’t give people a vision, they don’t enjoy the trip because they don’t know where they are going. To avoid having to reduce the number of staff members that he had inherited, Plumeri chose to move some of them to what he viewed as better-suited roles. At Willis, he has been an outspoken supporter of banning contingent commissions . In June 2001, he brought

2280-449: The job. I didn't know anything about insurance. I certainly didn't know anything about London. And I didn't know if my act would fly in London, to be honest with you." But the more he examined it the more appealing it became, and Weill advised him that he should definitely take the position. Plumeri assumed the post of Chairman & Chief Executive Officer at Willis on October 15, 2000. He replaced John Reeve , who retired, and became

2337-595: The latter's absence, or when a motion involving the chair is being discussed. In the absence of the chair and vice-chair, groups sometimes elect a chair pro tempore to fill the role for a single meeting. In some organizations that have both titles, deputy chair ranks higher than vice-chair, as there are often multiple vice-chairs but only a single deputy chair. This type of deputy chair title on its own usually has only an advisory role and not an operational one (such as Ted Turner at Time Warner). An unrelated definition of vice- and deputy chairs describes an executive who

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2394-429: The office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as president (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in

2451-413: The person presiding is said to be "in the chair" and is also referred to as "the chair". Parliamentary procedure requires that members address the "chair" as "Mr. (or Madam) Chairman (or Chair or Chairperson)" rather than using a name – one of many customs intended to maintain the presiding officer's impartiality and to ensure an objective and impersonal approach. In the British music hall tradition,

2508-571: The person who controls the debate; it recommends using Madame Chair or Mr. Chairman to address the chair. The FranklinCovey Style Guide for Business and Technical Communication and the American Psychological Association style guide advocate using chair or chairperson . The Oxford Dictionary of American Usage and Style (2000) suggested that the gender-neutral forms were gaining ground; it advocated chair for both men and women. The Daily Telegraph 's style guide bans

2565-569: The presidency of Smith Barney. "That was the most satisfying moment of my life", recalled Plumeri. "I cried—as usual—and I remember that Sandy shed a tear, too." That year Plumeri became the President of the merged company, and managed the merger. Weill abruptly dismissed Plumeri in August 1994. Plumeri noted: "I was so intent on getting the job done, that I eliminated the input of other people. If I'd done better at nurturing relationships, who knows how it would have turned out?" Weill made Plumeri

2622-594: The spit-and-polish executive many people expected. He's rough on the edges. But Citibank knows the bank as an institution is in trouble—it can't get away anymore with passive selling—and Plumeri has all the passion to throw a glass of cold water on the bank." At this point, Weill and Reed stepped down. As CEO of Citibank N.A., he navigated the unit's earnings from $ 108 million to $ 415 million in one year, an increase of nearly 400%. In January 2000, somewhat unexpectedly, Plumeri retired from Citibank. While vacationing in Paris,

2679-657: The sweetest." Soon after starting to work at the brokerage firm, Plumeri dropped out of law school. The small brokerage ultimately became Shearson , and Weill sold it to American Express in 1981 for stock valued at $ 930 million ($ 3,117,000,000 today). By 1985, Plumeri was a Senior Executive Vice President and director of national sales and marketing. Plumeri became the president & managing partner of Shearson Lehman Brothers in 1990. In 1993, Weill bought Shearson back from American Express. He paid $ 1 billion ($ 2,109,000,000 today), and merged it into its fellow stockbroker Smith Barney . Weill then offered Plumeri

2736-414: The titleholder wields influence over company operations, such as Larry Ellison of Oracle , Douglas Flint of HSBC and Steve Case of AOL Time Warner . In particular, the group chair of HSBC is considered the top position of that institution, outranking the chief executive, and is responsible for leading the board and representing the company in meetings with government figures. Before the creation of

2793-435: The type of organization, its structure, and the rules it has created for itself. If the chair exceeds their authority, engages in misconduct, or fails to perform their duties, they may face disciplinary procedures. Such procedures may include censure , suspension, or removal from office . The rules of the organization would provide details on who can perform these disciplinary procedures. Usually, whoever appointed or elected

2850-411: The use of chair and chairperson ; the newspaper's position, as of 2018, is that "chairman is correct English". The National Association of Parliamentarians adopted a resolution in 1975 discouraging the use of chairperson and rescinded it in 2017. The word chair can refer to the place from which the holder of the office presides, whether on a chair, at a lectern, or elsewhere. During meetings,

2907-463: Was Sandy Weill , a founding partner of Carter, Berlind & Weill who later served as CEO of Citigroup, Inc. Weill hired the 24-year-old Plumeri as a part-time clerk, arranged for a closet to be converted into a tiny office, and mentored him. The two were co-workers for many years, with Plumeri as one of Weill's top lieutenants. Plumeri said: "Sandy has been my role model. He's the shrewdest, smartest businessman I've ever seen, and he's also

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2964-467: Was CEO, he would not sell any of his Willis stock. He said: "Maybe I'd give it to charity, but selling the stock for my own benefit, I think is wrong. I'm supposed to be the chief cheerleader of the company, not only to investors but to my employees, and to exhort them to buy my stock, while I'm selling it, is wrong." He began his Willis career without much background in insurance brokering. Plumeri admitted, "I don't know what I don't know, so I've asked

3021-500: Was added to the original name in 1999 by Trenton Thunder owner, Joe Plumeri (Chairman and CEO of Willis Group Holdings ). Samuel J. Plumeri Sr. was Joe Plumeri's father. In November 2012, the New Jersey–based Church and Dwight company / Arm & Hammer purchased the ballpark's naming rights. Following the 2020 season the sponsorship was discontinued as the professional minor league Thunder lost their affiliation as part of

3078-453: Was appointed Chairman and CEO of Willis in 2000. Plumeri is also the co-owner of the Trenton Thunder . The team plays in Samuel J. Plumeri Sr., Field , named after his father. In addition, he funded the construction of Plumeri Park , the stadium of the William & Mary Tribe baseball team. A philanthropist, he has made multimillion-dollar gifts to The College of William & Mary and

3135-497: Was released, he enrolled in New York Law School in 1968, but did not finish before leaving although he was given an Honorary Doctorate of Law from the school in 2015. Plumeri worked at Citigroup Inc. and its predecessors companies from 1968 until 2000, when he was appointed as Chairman and CEO of Willis. While in law school, one afternoon in 1968 he decided to look for part-time employment, and began knocking on doors in

3192-605: Was the chairman and CEO of Willis Group Holdings (Willis), a New York Stock Exchange -listed insurance broker , until July 2013. The company has 17,000 employees in 400 offices, located in 120 countries. As of June 2010, Willis had the third-highest insurance brokerage revenues in the world. Plumeri worked for Citigroup from 1968 to 2000. During that time he held the roles of President and Managing Partner of Shearson Lehman Brothers , President of Smith Barney , Vice Chairman of Travelers , Chairman and CEO of Primerica , and CEO of Citibank, North America . He

3249-531: Was worth $ 4.5 billion. In his first eight years at Willis, the company's net worth doubled, its margins rose from 7% to 32%, and its stock price rose from $ 3-per-share to $ 32-per-share. In 2008, he directed the sale of Willis's London headquarters at 10 Trinity Square, relocating to 51 Lime Street , the fourth-tallest building in the City of London . Locals referred to the new headquarters as "Plumeri's Palace". The building incorporates Plumeri's "no-doors" policy,

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