Allstate CEO Liddy gets 2006 compensation valued at $17.4 million
10 days ago Allstate CEO Liddy gets 2006 compensation valued at $17.4 million
Apr 2, 2007 7:00 PMBy DAVE CARPENTER, AP
CHICAGO (Map, News) - Allstate Corp. Chief Executive Edward Liddy received compensation valued at $17.4 million in 2006 as the insurer racked up record profits during his last year running the company, according to a proxy statement filed Monday.
Allstate CEO Liddy gets 2006 compensation valued at $17.4 million - Examiner.com.
meanwhile ….
Compensation of top 10 up 18 percent
The 18 percent pay raise for the insurer's top brass comes as Blue Cross and Blue Shield of North Carolina's profit and membership continues to grow.
Blue Cross, the state's largest health insurer, came under fire last year for its increasing rates, its high profits and corporate spending on trips to the Caribbean and the U.S. Open. Last week, it reported that its profit increased 7.5 percent to $167.6 million in 2005.
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