Bachelor of Business Administration, Hofstra University, 1957. Master of Business Administration, Hofstra University, 1962. Doctor of Humane Letters, Hofstra University, 1975.
Trainee Cities Service Oil Corporation, New York City, 1957-1962. General partner Goodbody & Company, 1962-1969. Executive vice president CBWL-Hayden Stone, Inc.
(investment banking), 1969-1971. Assistant secretary United States Department Labor, Washington, 1971-1972. Executive vice president Hayden Stone, Incorporated, New York York City, 1972-1973.
Associate director, Office Management & Budget Executive Office of the President, Washington, 1973-1974. Assistant to President for energy affairs The White House, 1974-1977. Administrator Federal Energy Administration, 1974-1977.
Advisory United States Congress, 1977-1978. General partner Lazard Freres & Company, New York City, 1977-1988. Chairman, president, Chief Executive Officer Smith, Barney, Harris, Upham & Company, Inc., 1988-1993.
Vice chairman, group chief executive The Travelers Inc., 1993-1994. Chairman, president, Chief Executive Officer, Alexander & Alexander Services Inc., 1994-1997. Chairman Long Island Power Authority, 1996—1997.
President National Association Securities Dealers, 1997-1998, chairman, Chief Executive Officer, 1997—2000, Nasdaq Stock Market, Inc, 1997—2001. Chairman Frank Zarb Associates. Senior advisory, managing director Hellman & Friedman LLC, San Francisco, since 2002.
Interim chairman American International Group (American International Group), New York City, 2005—2006. Non-executive chairman Promontory Financial Group, LLC, since 2006. Board directors, Florida Power and Light Group, Inc., 2002-2006, American International Group (American International Group), 2005-2008, Kraft Foods Inc., since 2007.
Member board trustees Gerald R. Ford Foundation. Member and former chairman board trustees Hofstra U, board directors Lower Manhattan Development Corporation. Member Council Foreign Relations.
Married Patricia Koster, March 31, 1957. Children: Krista Anne, Frank, Junior.