Corporate Office HQ

TIAA-CREF Corporate Office

TIAA-CREF

Andrew Carnegie and Carnegie Foundation for the Advancement of Teaching created the Teachers Insurance and Annuity Association of America (TIAA) in 1918 as a fully funded system of pensions for professors. The funding was provided by Carnegie Corporation of New York, along with participating individuals and institutions.

Rising inflation and lengthening life expectancies, along with a large expansion of the education sector with the G.I. Bill after World War I, caused TIAA to recognize the need for its participants to diversify their retirement funds by investing in equities. Thus they created the College Retirement Equities Fund (CREF) in 1952.

In 2007 TIAA-CREF was chosen by the California State Teacher’s Retirement System (CalSTRS), the second-largest public pension plan and largest teacher retirement fund in the United States, as the sole investment provider for its supplemental retirement savings programs.

History

Today TIAA-CREF is a Fortune 100 financial services organization and the leading retirement provider for people working in the academic, research, medical, and cultural fields. It serves 3.7 million active participants, with 15,000 participating institutions and $487 billion in combined assets under management. It is a non-profit company.

Andrew Carnegie and Carnegie Foundation for the Advancement of Teaching created the Teachers Insurance and Annuity Association of America (TIAA) in 1918 as a fully funded system of pensions for professors. The funding was provided by Carnegie … [Continue reading] about TIAA-CREF Corporate Office

Morgan Stanley Corporate Office

Morgan Stanley

In 1935 a law was passed that stated that investment banking and commercial banking businesses could not operate under a single holding entity. It was therefore necessary for J.P. Morgan & Co. to spin off their investment banking business into a new firm, Morgan Stanley. In the company’s first year of business it achieved 24% of market share ($1.1 billion).

During the period from 1951 to 1961 Morgan Stanley co-managed the World Bank’s $50 million AAA rated bonds, GM’s $300 million debt issue, IBM’s $231 million stock offering, and AT&T’s $250 million debt offering.

In 1962 Morgan Stanley created the first viable computer model for financial analysis.

History

In 1971 the company established its Mergers & Acquisitions business, along with Sales & Trading.

In 1997 Morgan Stanley merged with Dean Witter Reynolds and Discover & Co., the spun-off financial services business of Sears Roebuck.

Morgan Stanley has served as the lead underwriter for many large global tech IPOs, including Apple, Facebook, Netscape, Cisco, Compaq, Broadcom Corp., Cogent Inc., Dolby Laboratories, Priceline, Salesforce, Google, and Groupon.

Morgan Stanley had significant problems during the economic crisis of 2008. As a result, in 2008 the company announced that it would become a traditional bank holding company regulated by the Federal Reserve.

Today Morgan Stanley is a multinational financial services corporation. They operate in 42 countries through 1,300 offices and with 60,000 employees. Morgan Stanley had revenue of $32 billion in 2012.

In 1935 a law was passed that stated that investment banking and commercial banking businesses could not operate under a single holding entity. It was therefore necessary for J.P. Morgan & Co. to spin off their investment banking business into a … [Continue reading] about Morgan Stanley Corporate Office

Tesoro Corporation Corporate Office

Tesoro Corporation

Tesoro Corporation was founded in 1968 as an petroleum exploration and production company. Tesoro means treasure in Spanish and Italian. It opened its first refinery the next year in Kenai, Alaska.

Tesoro grew through acquisitions, expanding capacity from 72,000 barrels per day to 664,000 barrels per day in 2013.

Some of the notable acquisitions include acquiring a second refinery in Hawaii in 1998, purchasing two refineries (in North Dakota and Utah) in 2001, purchasing Shell’s Los Angeles refinery and 250 gas stations in 2007, purchasing 250 Arco gas stations in 2011, and purchasing another refinery as well as the ARCO brand from BP in 2012.

History

Today Tesoro has 5,700 employees and $30 billion in revenue. Tesoro has over 2,200 gas stations operating under the brands Tesoro, Shell, ARCO, and USA Gasoline.

Tesoro Corporation was founded in 1968 as an petroleum exploration and production company. Tesoro means treasure in Spanish and Italian. It opened its first refinery the next year in Kenai, Alaska. Tesoro grew through acquisitions, expanding … [Continue reading] about Tesoro Corporation Corporate Office

Massachusetts Mutual Life Insurance Company Corporate Office

Massachusetts Mutual Life Insurance Company

Massachusetts Mutual Life Insurance Company (MassMutual) began in 1851 in Springfield, Massachusetts. George W. Rice was a young insurance agent who worked for Connecticut Mutual Life and wanted to start a business in neighboring Massachusetts.

MassMutual was set up as, and continues to be, a mutual company- a company owned by the policy holders.

Expansion and aggressive marketing spurred MassMutual’s growth for the next thirty years. The company expanded nationwide, including westward to San Francisco, and employed a large amount of agents, who sold policies to homeowners and workers.

History

The stock market crash and ensuing Great Depression hit MassMutual hard. However, with the introduction of new products such as a pension trust policy, family-income policy, and group coverage. These helped them to recover previous losses and grow business once again.

MassMutual was reorganized in 1983 into four business segments: Individual Products, Group Life and Health, Group Pensions, and Investments.

In 1989 the company had $25 billion in assets. MassMutual became involved in mortgage lending.

In 1990 MassMutual began to diversify into mutual fund management. It created subsidiary Concert Capital Management in 1993 to oversee $52 million in retirement assets and endowment assets.

MassMutual merged with Connecticut Mutual Life Insurance Company in 1995, creating the fifth-largest mutual life insurance company in the United States.

Today MassMutual has 1800 offices and 13 million clients worldwide. MassMutual provides financial products such as life insurance, disability income insurance, long term care insurance, retirement plan services, and annuities. MassMutual has 10,000 employees and had $25 billion in revenue in 2010.

Tyson Foods Corporate Office

Tyson Foods

John Tyson began selling chickens in 1935, when he bought 50 chickens in Arkansas and sold them at a profit in Chicago.

Tyson Feed & Hatchery, as he named his company two years later, was dedicated to the buying and selling of chickens, and was incorporated in 1947.

Tyson gradually became involved in raising chickens, which gave him more control over what he sold.

History

In 1957 Tyson opened its first processing plant in Springdale, Arkansas.

In 1963 the company changed its name to Tyson’s Foods and went public on the New York Stock Exchange.

During the 1970s Tyson built a new egg facility, a computerized feed mill, and plant, acquired the poultry division of Wilson Foods, and made numerous acquisitions to improve their business. The company also changed its name once more, this time to Tyson Foods.

In 1995 Tyson was the leading chicken firm in the United States and its shares reached a peak in 1998.

In 2001 Tyson diversified with its $4.4 billion acquisition of IBP, the world’s largest beef processor.

The coronavirus forced Tyson Foods to close two major US pork plants in late April 2020.

While the CEO says that they did everything possible to protect their workers, employees disagreed.

Today Tyson Foods is the world’s second-largest processor and marketer of chicken, beef, and pork. Tyson is the second-largest food company in the Fortune 500. It has 122,000 employees and had $40.052 billion in revenue in 2018.

John Tyson began selling chickens in 1935, when he bought 50 chickens in Arkansas and sold them at a profit in Chicago. Tyson Feed & Hatchery, as he named his company two years later, was dedicated to the buying and selling of chickens, and … [Continue reading] about Tyson Foods Corporate Office