As CFO and executive vice president of MetLife, Bill Wheeler is widely credited with playing a key role in steering the $41 billion insurance company through the perilous shoals of the credit crisis and recession, and bringing it out on the other side stronger and bigger than before.

But Wheeler, 48, is quick to credit others in the company who “made some pretty good investment calls” before the crisis hit. Notably, he says, as early as 2005 MetLife became concerned about structured investments and started getting out of debt products that were based on subprime mortgages. Wheeler also “vividly recalls” a board meeting in late 2007, he says, when it was decided that a recession was ahead, “and we had to get out of cyclical businesses–the auto companies, the airlines and the builders.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.