Michael McGavick
2008
In 2008, Michael McGavick earned a total compensation of $7.4M as Chief Executive Officer of the Company at XL Group.
Compensation breakdown
| Bonus | $3,500,000 |
|---|---|
| Option Awards | $1,219,038 |
| Salary | $666,667 |
| Stock Awards | $1,172,800 |
| Other | $851,389 |
| Total | $7,409,894 |
McGavick received $3.5M in bonus, accounting for 47% of the total pay in 2008.
McGavick also received $1.2M in option awards, $666.7K in salary, $1.2M in stock awards and $851.4K in other compensation.
Rankings
In 2008, Michael McGavick's compensation ranked 451st out of 9,135 executives tracked by ExecPay. In other words, McGavick earned more than 95.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 451 out of 9,135 | 95th |
Division Finance, Insurance, And Real Estate | 91 out of 2,034 | 96th |
Major group Insurance Carriers | 18 out of 306 | 94th |
Industry group Fire, Marine, And Casualty Insurance | 9 out of 167 | 95th |
Industry Fire, Marine, and Casualty Insurance | 9 out of 167 | 95th |
Source: SEC filing on March 7, 2011.
McGavick's colleagues
We found four more compensation records of executives who worked with Michael McGavick at XL Group in 2008.
2008
Sarah Street
XL Group
Chief Investment Officer
2008
James Veghte
XL Group
Executive Vice President, Chief Executive of Reinsurance Operations of the Company
2008
David Duclos
XL Group
Executive Vice President, Chief Executive of Insurance Operations of the Company
2008
Brian Nocco
XL Group