MassMutual CEO’s Pay Down 29% To $14.4 Million
By Matthew Sturdevant, The Hartford Courant | |
McClatchy-Tribune Information Services |
His 2013 compensation also includes restricted share awards and SAR awards valued at
This is the second year that mutual insurance companies in
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Mutual insurers are owned by policyholders, unlike publicly traded companies, which are owned by shareholders. Publicly traded companies disclose executive compensation each spring in a proxy statement filed with the
Mutual companies don't have stock, which is offered to executives at publicly traded companies as an incentive to boost the company's performance. Mutual companies do, however, use performance units which act as phantom stock, emulating a company's value.
In
Chief Financial Officer
Chief Investment Officer
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