United States, 8 million customers outside the United States, and a net income in 2003 of $2.2 billion. That year, Barron's reported that 13 million American households owned at least one product from MetLife. MetLife named Robert H. Benmosche as chairman and CEO in July 1999. Benmosche occupied the position until 2006, when he was replaced by C. Robert Henrikson. The company's sales grew 11.5% between 2008 and 2009, despite the national recession. In 2011, CEO Robert Henrikson was replaced by Steven A. Kandarian, who had overseen the company's " investment portfolio" as chief investment officer. Henrikson remained the company's chairman to the end of 2011, at which point he reached the company's mandatory retirement age. In 2015, MetLife was ranked as number one on Fortune magazine's list of World's Most Admired Companies in the Insurance: Life and Health category. In the summer of 2017, MetLife plans to add a third office building of 255,000 square feet at its Cary, North Carolina Global Technology Campus, giving the company a total of 655,000 square feet at a location which has over 1,000 employees in such areas as engineering, software and technology. This plan was the result of North Carolina awarding the company $94 million in incentives in 2013 for creating over 2,600 jobs, half in Cary and half in Charlotte. "Too big to fail" In 2012, MetLife failed the Federal Reserve's (the Fed's) Comprehensive Capital Analysis and Review stress test, intended to predict the potential failure of the company in a recession. The Fed stated that the minimum total risk-based capital ratio should be 8% and it estimated MetLife's ratio at 6%. The company had requested approval for a share repurchase to prop up the stock price, along with an increased dividend. Because MetLife owned MetLife Bank, it was subject to stricter financial regulation. To escape that level of regulation, MetLife announced the sale of its banking unit to GE Capital. On November 2, 2012, MetLife said it was selling its mortgage servicing business to JPMorgan Chase for an undisclosed amount. Both sales were part of its strategy to focus on the insurance side of its business. The attempt to escape "too big to fail" regulation was not successful. In September 2014, the United States government observed the 2010 Dodd-Frank financial reform law by proposing the application of an official label to MetLife as "systemically important" to the American economy. If