Genworth CEO gets $12 million
April 8, 2014 by Zachary Tracer
(Bloomberg) — Genworth Financial Inc. (NYSE:GNW), the biggest seller of private long-term care insurance (LTCI), paid Chief Executive Officer Tom McInerney $12 million for his first year on the job.
The insurer’s stock doubled during that period.
McInerney’s package included a $3 million bonus, $7.06 million in stock options, and a salary of almost $1 million, the insurer said today in a regulatory filing.
Originally Posted at LifeHealthPro on April 4, 2014 by Zachary Tracer.
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