Bloomberg News

Manulife Financial Lowers Compensation for CEO Guloien

March 23, 2012

Manulife Financial Corp. (MFC), Canada’s largest insurer, reduced Chief Executive Officer Donald Guloien’s compensation by 7.7 percent for 2011, a year in which the shares fell by more than a third.

Guloien received C$8.1 million ($8.1 million) in salary, share-based awards, option-based awards, incentive plans and other compensation, the Toronto-based insurer disclosed in a filing to securities regulators today. That compares with C$8.78 million a year ago. Both figures exclude costs to service his pension.

To contact the reporter on this story: Sean B. Pasternak in Toronto at spasternak@bloomberg.net.

To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; Dan Kraut at dkraut2@bloomberg.net.


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