Shocked that Liberty Mutual paid its former chief executive roughly $50 million a year, three Massachusetts senators proposed budget amendments to discourage other mutual companies from awarding outsized pay packages. Senator Brian A. Joyce would require mutual companies to publicly disclose compensation for top executives. Senator Mark C. Montigny would give policyholders a chance to vote on executive compensation.
Lawmakers Target Big Pay Deals At Mutual Companies
Todd Wallack, Globe Staff, Boston Globe: Local
Mon, 05/21/2012 - 9:00pm
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