MetLife CEO’s Pay Down 19% Last Year To $7.27 Million

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MetLife Chairman and CEO Steven A. Kandarian was compensated $7.27 million last year, down 19 percent from the $8.96 million pay package he received in 2012, according to documents filed Tuesday with the U.S. Securities and Exchange Commission.

Kandarian grew up in West Hartford and graduated from Hall High School. He heads the largest life insurance company in the U.S.

His 2013 compensation comprises: $1.21 million salary, $5 million in non-equity incentive pay, $239,281 in “other compensation” and $818,230 in value realized on stocks vested. Separately, Kandarian received $7.58 million in stock-and-option awards for which he will receive value in future years.

Chief Financial Officer John C.R. Hele’s pay package was $2.12 million, not including $758,371 in stock-and-option awards that will provide value in the future and depend on the company’s performance.

President of the Americas business, William J. Wheeler, had a pay package of $5.6 million, not including $2.75 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.

Executive Vice President of Global Technology and Operations, Martin J. Lippert, was compensated $2.37 million, not including $2.8 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.

Christopher G. Townsend, president of the Asia business, was compensated $1.4 million, not including $1.23 million in stock-and-option awards.

About Matthew Sturdevant

Full-time staff journalist at The Hartford Courant and magazine freelancer with a master's degree in writing from Dartmouth. My work has appeared in The Los Angeles Times, The Chicago Tribune, Taiwan News, The Baltimore Sun and many other news sources. My blog has been referenced by Politico.com, the Kaiser Family Foundation, the Georgetown Law Library and a number of organizations in healthcare and business. Sturdevant’s blog is "a well-written wealth of ideas," said The Donald W. Reynolds National Center for Business Journalism, (businessjournalism.org, May 18, 2011). I have experience writing for newspapers, magazines, Web sites and blogs as well as shooting and editing video. I made regular appearances on news-talk radio and on the NBC affiliate station in Corpus Christi, Texas. I made occasional appearances on the Fox affiliate in Connecticut promoting Hartford Courant articles.

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