From humble beginnings in Brooklyn, Buccellato became the CEO of a publicly-traded company and inked a multimillion-dollar deal in the board room of AIG, then the largest insurance company in America. In 1984, he was invited to become a member of the Presidential Council of 100. He served three different presidents during his time on the council: presidents Reagan, Bush, and Clinton. Today, Carl has four children and several grandchildren and great-grandchildren. He resides in Coral Springs, Florida, with his wife, Mary Ellen.