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May 17, 2006


NEW YORK, MAY 17, 2006 -- Over $1 million dollars was raised at The City College of New York’s (CCNY) Third Presidential Awards Dinner, which honored Sy Sternberg (Class of 1965), Chairman and Chief Executive Officer of New York Life Insurance Company, CCNY President Gregory H. Williams has announced. The event was held May 2 at the Mandarin Oriental hotel in Manhattan.

The glittering gala was attended by many distinguished City College alumni including former Secretary of State Colin L. Powell, ’58, and Dr. Matthew Goldstein, ’63, Chancellor of The City University of New York (CUNY), who were featured speakers. Linda Kaplan Thaler ’72, President and Chief Creative Officer of the Kaplan Thaler Group, emceed the event.

“The overwhelming success of the dinner is a strong testimony to the high regard in which Sy is held,” said President  Williams. “It was a privilege for the City College of New York to honor him for his accomplishments, as well as his strong and unflinching support for his Alma Mater and the City University.”

President Williams also announced at the gala that the College had raised $162 million in its Campaign for The City College of New York, the first capital campaign in the School’s 159-year history.

Mr. Sternberg, who graduated from CCNY in 1965 with a Bachelor’s degree in Electrical Engineering and holds an M.S.E.E. from Northeastern University, heads the largest mutual life insurance company in the United States and one of the largest life insurers in the world.

He joined New York Life in 1989 as a senior vice president and became executive vice president in 1991. He was elected vice chairman of the board in February 1995 and named president and chief operating officer later that year.

Mr. Sternberg also serves as a director of several organizations, including the American Council of Life Insurers, the U.S. Chamber of Commerce and the Partnership for New York City. He chairs The City University of New York (CUNY) Business Leadership Council, as well.

In addition, Mr. Sternberg is a member of the Council on Foreign Relations and the Business Roundtable and serves on its Task Forces on International Trade and Investment, Security and Fiscal Policy and the Leadership Committee of the Lincoln Center Consolidated Corporate Fund. He is vice chairman of the Kennedy Center Corporate Fund and sits on the board of trustees for Big Brothers Big Sisters of New York City, New York-Presbyterian Hospital, Northeastern University and the Hackley School in Tarrytown, NY.

In 1999, Mr. Sternberg was appointed by President Clinton and served through 2002 as one of three U.S. representatives to the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC).