For 2018, Liberty Mutual chairman and CEO David Long saw his bonus pay docked due to the company’s comparatively lacklustre performance over the previous year.
Long’s overall compensation last year was approximately US$17 million, from US$19.7 million the year prior. According to executive compensation information on Liberty Mutual’s website, the chief executive’s total pay took a hit because his bonus pay dropped to US$5.1 million in 2018 from US$8.3 million in 2017.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.