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.
Topics Aon
Was this article valuable?
Here are more articles you may enjoy.
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
