Oregon Health Forum
http://www.healthforum.org/feb99.html


Big bonuses for insurance higher-ups

Standard Life Insurance pays retention bonuses to its top corporate
executives. Seven senior executives at Standard Insurance Co.,
including its CEO and president, could share between $1.5 to $2
million in retention bonuses, according to an agreement with its
board of directors. However, these bonuses will not be paid
before the year 2001, said John Morgan, CBES, assistant vice
president of public affairs and communications. "The retention
bonuses are being paid one time to catch us up with our
competitors." Ronald Timpe, CEO and president, told the insurance
division and its policyholders, who met Jan. 27 to review
Standard's demutualization plan.