W.R. Berkley Corp. last year awarded its chairman and chief executive, William Berkley, a $2 million bonus according to a proxy statement filed by the company on Wednesday.
The Greenwich, Conn., company also increased Berkley’s salary to $1 million from $920,000, according to the filing with the U.S. Securities and Exchange Commission.
The proxy, an annual report to shareholders, Berkley’s 2000 compensation, which totaled $3.8 million, was based mainly on the financial performance of the company.
Was this article valuable?
Here are more articles you may enjoy.
‘Door Knocker’ Roofers Were Everywhere. NC Farm Bureau Saw an Opportunity 
AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir 
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
More US Beef Plants May Close as Cattle Herds Keep Tightening 
