On August 16, 1986, he was appointed
Postmaster General of the
United States Postal Service, serving until March 1, 1988.
New York Giants (1991-2005) In 1991, Tisch purchased fifty percent of the
New York Giants of the
National Football League. The team had been owned by the
Mara family since the team's founding, but the stakes were split at the time between
Wellington Mara and his brother
Jack's family, with Jack's son
Tim given control of his father's share upon his death. Tim was ill at the time, fighting
Hodgkin's disease, and no longer desired to participate in the team's operations; Tisch and Tim's family would eventually come to terms on the purchase of their share of the team shortly after the Giants won
Super Bowl XXV. During his time as owner, Tisch contributed to the business operations of the team, using his experiences as an executive to manage the team's front office. Tisch also served on the NFL's Finance and Super Bowl Policy committees. Tisch held the share until he died on November 15, 2005, from
brain cancer. Tisch died three weeks after Wellington Mara and two years after his brother Laurence. He bequeathed his share of the Giants to his son
Steve, who co-owns the team with Mara's son
John. Tisch was posthumously inducted into the New York Giants' Ring of Honor in 2010.
Business career Tisch began his career in business in 1946, when he opened the Grand Hotel with his brother Larry. After years of losing money, the hotel burnt down under suspicious circumstances. The brothers continued to expand their hotel business, building the Americana Hotel in Bal Harbor in 1957, designed to attract convention business, one of the first such hotels in the country. Later on, he led the hospitality and hotel industry to a large expansion between the 1960s and 1970s. Tisch served for 19 years as chairman of the New York Convention and Visitors Bureau, also known as NYC & Company, which spearheaded NYC's "The Big Apple" campaign and popularized the nickname. He purchased stock in Loew's Inc. in 1958, acquired a controlling share in 1959, and created Loew's Corporation as a parent company of Loew's Theatres and Loew's Hotels in 1970. Bob was named president and Chief Operating Officer of Loews in 1968. In 1968, Loews acquired
Lorillard, the 5th-largest tobacco company in the United States at the time, which owned the popular brands
Kent,
Newport, and
True. ==Philanthropy==