Henry Baldwin Hyde, (1834-1899), founded The Equitable Life Assurance Society of the United States in 1859. It became, by the year of Hyde's death, the largest life insurance company in the world. Year 1834 (MDCCCXXXIV) was a common year starting on Wednesday (link will display the full calendar) of the Gregorian Calendar (or a common year starting on Monday of the 12-day slower Julian calendar). ... Year 1899 (MDCCCXCIX) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Friday [1] of the 12-day-slower Julian calendar). ... AXA Equitable Life Insurance Company (formerly The Equitable Life Assurance Society of the United States) was founded by Henry Baldwin Hyde in 1859. ... Year 1859 (MDCCCLIX) was a common year starting on Saturday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Thursday of the 12-day slower Julian calendar). ... Insurance is a system to alleviate financial losses by transferring risk of loss from one entity to another. ...

Hyde sought to guarantee that his son James Hazen Hyde would continue the family’s control of the company after his death. James Hazen Hyde was twenty-three when he inherited the majority shares in the billion-dollar Equitable Life Assurance Society in 1899. Five years later, at the pinnacle of social and financial success, he made one fatal miscalculation, and set in motion the first great Wall Street scandal of the twentieth century. Year 1899 (MDCCCXCIX) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Friday [1] of the 12-day-slower Julian calendar). ... Elaborate marble facade of NYSE as seen from the intersection of Broad and Wall Streets For other uses, see Wall Street (disambiguation). ...

On the last night of January 1905, James Hazen Hyde (vice president of Equitable from 1899 to 1905) gave one of the most fabulous costume balls of the Gilded Age. Falsely accused through a media smear campaign initiated by board directors E. H. Harriman, J.P. Morgan and company President James Waddell Alexander of charging the $200,000 party to his company. Hyde soon found himself drawn into a maelstrom of allegations of his corporate malfeasance. The shocking revelations almost caused a Wall Street panic, and resulted in an investigation of the entire insurance industry by the State of New York. 1905 (MCMV) was a common year starting on Sunday (link will display the full calendar). ... The Breakers, a gilded-age mansion in Newport, Rhode Island. ... A smear campaign or smear tactics are deliberate attempts by an individual or group to malign another individual or groups reputation. ... Edward Henry Harriman (February 20, 1848 – September 9, 1909), better known as E. H. Harriman, was a wealthy railroad executive. ... John Pierpont Morgan (April 17, 1837 – March 31, 1913), American financier and banker, was born in Hartford, Connecticut, a son of Junius Spencer Morgan (1813–1890), who was a partner of George Peabody and the founder of the house of J. S. Morgan & Co. ... This article needs to be cleaned up to conform to a higher standard of quality. ... NY redirects here. ...

The Equitable Life Assurance Society was renamed AXA Equitable Life Insurance Company in September 2004, after it was purchased by the French financial giant AXA. shelby was here 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Not to be confused with Sun Life Financial. ...

AXA Equitable is still one of the nation's premier providers of life insurance, annuities and other financial instruments. Annuity contracts are offered by organizations and individuals that may accumulate value and take a current value and pay it out over a period of years. ...

References

After the Ball: Gilded Age Secrets, Boardroom Betrayals, and the Party That Ignited the Great Wall Street Scandal of 1905
Patricia Beard, Harper Collins 2004
ISBN 0-06-095892-8
Collins was a Scottish printing company founded by a schoolmaster, William Collins, in Glasgow in 1819. ...

External link

• A biography