You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Liberty Mutual, MassMutual CEOs won big pay boosts

Massachusetts insurance giants Liberty Mutual and MassMutual both gave their top executives significantly bigger pay packages last year as the companies continued to grow, the companies reported this week.

Liberty Mutual chief executive David H. Long received $8.9 million in total compensation, including $1 million salary, $3.6 million bonus, and millions more in phantom stock awards and other compensation. That’s up 29 percent from 2011, when he served as chief executive for only part of the year.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week