Age, Biography and Wiki

Gary Loveman (Gary William Loveman) was born on 12 April, 1960 in Boston, Massachusetts, U.S., is an Economist, businessman. Discover Gary Loveman's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 64 years old?

Popular As Gary William Loveman
Occupation Economist, businessman
Age 64 years old
Zodiac Sign Aries
Born 12 April 1960
Birthday 12 April
Birthplace Boston, Massachusetts, US
Nationality United States

We recommend you to check the complete list of Famous People born on 12 April. He is a member of famous Economist with the age 64 years old group.

Gary Loveman Height, Weight & Measurements

At 64 years old, Gary Loveman height not available right now. We will update Gary Loveman's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
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Gary Loveman Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Gary Loveman worth at the age of 64 years old? Gary Loveman’s income source is mostly from being a successful Economist. He is from United States. We have estimated Gary Loveman's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Economist

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Timeline

2018

In March 2018, CNBC reported that Loveman had been approached as a candidate for the new CEO role at Berkshire Hathaway's new health joint venture with Amazon and JPMorgan.

2015

He became an executive vice president of Aetna and president of its Consumer Health and Services organization, Healthagen, in October 2015. He also joined Aetna's executive committee. Hired to expand both the consulting arm and health services, he and the division were charged with leading Aetna's strategies concerning "population health and consumer engagement," in part using data analytics and marketing. With the unit, Loveman developed digital tools and expanded Aetna's "consumer health and services analytics capabilities." In September 2016 Aetna opened a “consumer business hub” in Wellesley, Massachusetts under Loveman’s oversight. Aetna announced in December 2017 that it would become a stand-alone unit inside CVS Health in 2018. Loveman stepped down from Aetna in January 2018.

2013

A proponent of legalizing online gambling, Loveman has published opinion pieces on the topic in publications such as the Las Vegas Review Journal and on CNN Money. Loveman helped to launch Caesars' online gambling operation in Nevada in September 2013.

In addition to his corporate positions at Caesars as of 2013 Loveman served on the board of directors at FedEx and Coach, Inc.. He was also on the board of directors for the American Gaming Association, where he previously served as the chairman of the board from 2007 to 2009.

2012

He is the chairman of the Business Roundtable's Health and Retirement Committee. Also in 2012, he was named to the President's Export Council. Loveman was previously a member of MIT's Department of Economics' visiting committee. Loveman and his wife have also helped with fundraising efforts for Joslin Diabetes Center. Loveman is also on the board of trusteesof Boston Children's Hospital. In 2017, Boston Children's Hospital announced that $350,000 had been donated in honor of Loveman by his former colleagues to fund malaria research and a music therapy program.

2010

In 2010, Loveman oversaw Harrah's transition to the name Caesars Entertainment Corporation and led an effort to take the company public again. The company successfully completed an initial public offering in 2012, selling approximately two percent of its shares. In 2013, Loveman initiated the sale of Caesars' golf course in Macau, which had been purchased in 2007 to later open as a casino. Loveman had initially turned down the purchase of a gaming license in Macau in 2006, a decision he described in 2010 as the biggest mistake the company had made.

2003

As COO, Loveman was responsible for the establishment of the company's Total Rewards loyalty management system, which gathers data on casino customers. The program allowed the company to analyze the travel and spending habits of their customers. Through this, Harrah's determined that repeat slot players, not high rollers, were most profitable. Under Loveman's leadership Harrah's began to focus on building loyalty and bringing more of these gamblers to the casino. Loveman also established a rewards program for Harrah's employees of all levels, based on customer satisfaction. He served as Harrah's Entertainment's chief operating officer until 2003.

In 2003, Loveman became chief executive officer of Harrah's, replacing Phil Satre. By 2005, Loveman had grown Harrah's into the largest casino operator in the world with the acquisition of Caesars Entertainment. In 2008, he led the company as it transitioned from a public to private company, after being acquired by private equity firms Apollo Global Management and TPG Capital for approximately $30 billion.

As CEO, Loveman expanded Harrah's from 15 casinos in 2003 to over 54 locations in 2013, through the acquisition of Caesars, Horseshoe Gaming Holding, Planet Hollywood, the Imperial Palace casino, and the World Series of Poker brand. Loveman announced in February 2015 that he was going to step down from his post as CEO. He remained chairman until 2017.

Loveman's career was the subject of a Stanford Graduate School of Business case study in 2003, and he was recognized as the "best CEO" in the gaming and lodging industry by Institutional Investor magazine in 2004, 2005, 2006 and 2007. In 2013, Loveman was inducted into the American Gaming Association's Gaming Hall of Fame and awarded the Education Hero Award by the Las Vegas-based Public Education Foundation.

2000

In the wake of the financial crisis of the late 2000s the company experienced a decrease in revenue and increased debt associated with the 2008 buyout by Apollo and TPG. Loveman cut costs and renegotiated the company's maturing debt to avoid defaulting. His leadership of the company through the debt restructuring in 2009 was praised by the American Gaming Association president and CEO Frank J. Fahrenkopf Jr.

1997

In 1997, Loveman sent a letter to Phil Satre, the then-chief executive officer of Harrah's Entertainment, in which he offered advice for growing the company. Loveman again began to consult for Harrah's, and in 1998 he was offered the position of chief operating officer. He initially took a two-year sabbatical from Harvard to take on the role, at the end of which Loveman decided to remain with the company.

1991

After graduating from MIT at the age of 29, Loveman began teaching at Harvard Business School, where he was a professor for nine years. While at Harvard, Loveman taught Service Management and developed an interest in the service industry and customer service. In 1991 he was hired as a consultant for the casino company Harrah's Entertainment. He also launched a side career as a speaker and consultant after a 1994 paper he co-authored, titled "Putting the Service-Profit Chain to Work", attracted the attention of companies including Disney, McDonald's, and American Airlines. The paper focused on the relationship between company profits and customer loyalty, and the importance of rewarding employees who interact with customers.

1982

Loveman grew up in Indianapolis, Indiana as the youngest of three siblings. His father was a factory worker at Western Electric and his mother a homemaker. As a child, he was interested in math and active in sports. Loveman went on to attend Wesleyan University where he earned a bachelor's degree in economics in 1982. After graduating from Wesleyan, Loveman worked for the Federal Reserve Bank of Boston for two years as an economic researcher before pursuing a doctorate degree at Massachusetts Institute of Technology. In 1989, Loveman completed his Ph.D. in economics.

1960

Gary William Loveman (born April 12, 1960) is an American economist, businessman, and former academic professor. After nine years on the faculty of Harvard Business School, he left in 1998 to become COO of Harrah's Entertainment, which, following a number of acquisitions, became Caesars Entertainment. He was the CEO of Caesars Entertainment Corporation for 12 years until stepping down on June 30, 2015 amidst a bankruptcy and restructuring. He remained chairman until late 2017. He was then president of Aetna’s Consumer Health and Services division from October 2015 until January 2018. He is a partial owner of the Boston Celtics.