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The Boston Globe


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.

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