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april 20, 2012

Liberty Mutual critics decry pay package

Pay package prompts watchdog group to call for scrutiny of tax breaks

By Todd Wallack

 |  Globe Staff  

  April 20, 2012

The revelation that Liberty Mutual paid chairman Edmund F. “Ted’’ Kelly roughly $200 million over the past four years has angered some customers and watchdog groups. Nancy Geiser of Natick has been a Liberty Mutual customer for 27 years, but said she decided to start shopping for a new insurance company after the Globe reported that the Boston insurance giant paid its top executive about $50 million a year, making him one of the highest paid CEOs in the country.

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