See Jack Run

摘要

Whatever happened to John J. Byrne-the guy who long ago rescued Geico and Fireman's Fund and made insurance look sexy? The last the world heard of him was in 1991, when Byrne sold Fireman's Fund's insurance operations to Allianz AG for $3 billion cash. Byrne kept the holding company, renamed Fund American, and swapped the cash for its equity investment portfolio. Soon after, he liquidated much of that, returning nearly $3 billion of capital to shareholders through stock buybacks, and disappeared into a 100-year-old clapboard house in Norwich, Vt.