Over much of the past three decades, i have been an investor. The highest calling of mankind, ive often thought, was private equity. And then, i started interviewing. I watched your interview, so i know how to do some interviews. Ive learned from doing my interviews how leaders make it to the top. Jeff i asked how much he wanted, he said 250, and i did no due diligence. David i have something i want to sell. And how they stay there. You dont feel inadequate being only the second wealthiest man in the world, is that right . For many years, the most successful Insurance Company in the world was aig, then the Great Recession came. Aig required a 183 billion bailout from the u. S. Government. That bailout has now been repaid with interest, and aig has reshaped into a smaller but very successful Insurance Company being led by peter zaffino. I had a chance to sit down with peter in his office in new york to talk about the new aig. For those who arent familiar with the property and casualty i
Ordered. Id like to welcome everyone to this mornings hearing. Today, we will consider the nomination of dr. Tom price to be the secretary of the department of health and Human Services. And want to welcome dr. Price to the finance committee. I appreciate his willingness to in a position of this magnitude, especially at this particularly crucial time. Republicans in Congress Warned that the new health care law, basically, would harm patients, emilys and businesses. Too fine apine point on it, but we were right. That will address costs among other things. This will be an important endeavor. One that will and should get a lot of attention here today. But it should not be the sole focus of the next hhs soap secretary. Hhs has an annual budget of over 1 trillion. Let me repeat that. One department, 1 trillion. Hhs and purposes encompasses medicare and medicaid. Disease control and prevention, the National Institutes of whole, the federal Drug Administration and many others. This is no exag
Ordered. Id like to welcome everyone to this mornings hearing. Today, we will consider the nomination of dr. Tom price to be the secretary of the department of health and Human Services. And want to welcome dr. Price to the finance committee. I appreciate his willingness to in a position of this magnitude, especially at this particularly crucial time. Republicans in Congress Warned that the new health care law, basically, would harm patients, emilys and businesses. Too fine apine point on it, but we were right. That will address costs among other things. This will be an important endeavor. One that will and should get a lot of attention here today. But it should not be the sole focus of the next hhs soap secretary. Hhs has an annual budget of over 1 trillion. Let me repeat that. One department, 1 trillion. Hhs and purposes encompasses medicare and medicaid. Disease control and prevention, the National Institutes of whole, the federal Drug Administration and many others. This is no exag
You have described to a degree, but if you could elaborate can you describe how you will prioritize and oversee the larger range of issues for which you will be responsible. Tell us, what in your history has prepared you to lead the department of health and Human Services. Tom price thank you. As you and members know the mission of the department of health insert health and Human Services is to improve the health, safety, and wellbeing of the American People. In order to do that, i am committed to that mission. In order to do that you have to put together teams of individuals in east each sector of health and Human Services. My history of where ever i was or the work i did in communities was just to bring forward greatest quality of talent that we could assemble. The second is to understand the scope and the issues. Clearly having the experience both in the clinical arena as well as the legislative arena you can understand the scope of issues. Finally, focusing on results. Often times
Ive thoroughly enjoyed before will all of you. See is a greats friend. Thank you for coming and having your insight. [applause] thank you. Thank you. [inaudible conversations] [inaudible conversations] cspan, created by americas Cable Television companies and brought to you as a Public Service by your cable or satellite provider. Next, peter marks reports on the late aig ceos to revive the company after the 2,008th 2,008th crisis. Bob benosche are i thought it was an amazing story of leadership. So, tell me, why tide you want to do this book . It actually started with my wife, who at the time was an aig employee. She was one of she wrote a lot of bobs the letters to employees in the communications deposit, and bob reached out to her, wanting someone to tell his story. He loved the way show wrote, and i subsequently became intime platly involved in the piece intimately involved in the piece as. We it needed some outside perspective, someone who didnt know the company so well at the begi