James M Cracchiolo Net Worth is14.5 $Million
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Birth Date: 1958
Nationality: American
Alma Mater: NYU Stern School of Business
Occupation: Chairman & CEO of Ameriprise Financial, Inc.,
Salary: US$18,214,764 (''2010'')url
James "Jim" Cracchiolo is Chairman and Chief Executive Officer of Ameriprise Financial, Inc., a leading diversified financial services company serving the comprehensive financial planning needs of the mass affluent and affluent. He has held these positions since September 2005, when the company was spun off from American Express. From 2003 to present, he has also been Chairman of Threadneedle Asset Management, a London-based global asset management firm.
Prior to his current role, Cracchiolo held a number of senior-level positions at American Express, including:
Cracchiolo obtained a Bachelor of Science degree in accounting and economics and a Master of Business Administration degree in finance, both from the New York University School of Business. He is a licensed Certified Public Accountant in New York State and is Financial Industry Regulatory Authority (FINRA) Series 7 and 24 certified in the United States.
Cracchiolo is credited with a successful transition to independence for Ameriprise Financial, currently a Fortune 500 company and one of the largest diversified financial services firms in the United States. He admitted in an interview that "the biggest challenge, and ultimately our best opportunity, was to create an entirely new brand in the marketplace a?? from our name to our identity, from advertising and marketing to re-branding every physical aspect of doing business. That has been exciting and rewarding. Wea??ve gone from zero brand awareness to almost 50 percent in 18 months."
Ameriprise turned down the roughly $2.5 billion federal bailout money it was offered as part of the United States government's Troubled Asset Relief Program during the subprime mortgage crisis in 2008. Cracchiolo, in a statement, said the company is "confident that our current capital position and access to potential additional funding sources are more than adequate."
Under Cracchiolo's leadership, Ameriprise completed its $1.2 billion acquisition of Columbia Mana

James M Cracchiolo Net Worth, 3.3 out of 5 based on 3 ratings

James M Cracchiolo Latest News

DOL Rule Affects More Than Advice, Execs Say

Implementation lead times proposed by the DOL are unreasonable for many companies, said James M. Cracchiolo, chairman and CEO of Ameriprise Financial. Based on what the DOL has proposed, “you're talking about extensive changes that would be required from ...
Posted: July 27, 2015, 6:57 am

Ameriprise CEO Cracchiolo's 2015 Pay Slashed 15%

Ameriprise Financial, Inc. 's AMP Chief Executive Officer ("CEO") James M. Cracchiolo's total compensation package for 2015 was reduced by 15% on a year-over-year basis, according to a Securities and Exchange Commission ("SEC") filing on Friday.
Posted: March 20, 2016, 9:22 pm

CEO Pay Watch: James Cracchiolo, Ameriprise Financial

Note: Cracchiolo took home $97.4 million in 2014, a 5.6 percent increase from the $92.2 million he made in 2013. Much of Cracchiolo's compensation from the past two years has been from the exercise of previously issued options that were set to expire.
Posted: March 23, 2015, 11:03 am
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