Aon CEO Ryan Didn’t Get a Bonus in 2002

April 15, 2003

Aon Corp. Chairman and CEO Patrick G. Ryan received no bonus or salary increase in 2002, according to the company’s proxy statement filed with the Securities and Exchange Commission.

Mr. Ryan, who earned $1.1 million in salary, was last awarded a bonus in 2000, when he received $1.5 million. Last year, he was granted options to purchase 250,000 shares of the Chicago-based insurer’s stock at $36.88 per share.

The proxy statement also discloses that two aircraft leasing companies affiliated with Mr. Ryan and his son Patrick G. Ryan Jr. received $1.6 million from Aon to provide aircraft for Aon executives.

The companies paid Aon $304,466 for the use of hangars owned by the company and operational support.

Was this article valuable?

Here are more articles you may enjoy.