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Liberty Mutual’s $50m CEO pay stands out

Critic says policyholders’ interests ignored

Even by the generous standards of executive pay, Edmund F. “Ted’’ Kelly’s paycheck looms large.

Liberty Mutual’s longtime chief earned an average of nearly $50 million a year from 2008 to 2010, making him one of the highest-paid corporate executives in the country, according to state insurance filings reviewed by the Globe.

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