april 20, 2012
Liberty Mutual critics decry pay package
Pay package prompts watchdog group to call for scrutiny of tax breaks
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.