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Aflac, Inc.
Aflac Chairman & CEO Will Forgo 2008 Bonus of $2.8 Million
March 13th, 2009
Aflac, Inc. announced that Daniel P. Amos, Chairman and Chief Executive Officer, has elected to forgo his 2008 bonus of $2.8 million that he earned based on achievement of operating performance measures. The board's compensation committee accepted his proposal recognizing that, although Aflac delivered a strong operating performance in 2008, it is not reflected in the company's stock price given the current turbulence in the stock markets. In addition, Kriss Cloninger III, Aflac Incorporated President and Chief Financial Officer, voluntarily reduced his bonus by 35% or approximately $477,000. "Even though Mr. Amos and Mr. Cloninger were entitled to...
Source: Health Business Week (2009-03-13)
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