Mercury General Chairman George Joseph's 2009 pay jumps 51% to $1.5M

Mercury General reports 2009 executive compensation

By ExecPay News

Published: March 31, 2010

Mercury General reported fiscal year 2009 executive compensation information on March 31, 2010.
In 2009, five executives at Mercury General received on average a compensation package of $1M, a 53% increase compared to previous year.
Average pay of disclosed executives at Mercury General
George Joseph, Chairman, received $1.5M in total, which increased by 51% compared to 2008. 58% of Joseph's compensation, or $850K, was in salary. Joseph also received $35K in bonus, $491K in non-equity incentive plan, as well as $82K in other compensation.
Gabriel Tirador, Chief Executive Officer, received a compensation package of $1.4M, which increased by 67% compared to previous year. 52% of the compensation package, or $750K, was in salary.
Christopher Graves, Chief Investment Officer, earned $848K in 2009, a 146% increase compared to previous year.
Theodore Stalick, Chief Financial Officer, received $801K in 2009, which increases by 57% compared to 2008.
Allan Lubitz, Senior Vice President and Chief Information Officer, earned $602K in 2009, a 11% decrease compared to previous year.

Related executives

George Joseph

Mercury General

Chairman

Gabriel Tirador

Mercury General

President, Chief Executive Office and Director

Christopher Graves

Mercury General

Chief Investment Officer

Theodore Stalick

Mercury General

Chief Financial Officer

Allan Lubitz

Mercury General

Former Senior Vice President Chief Information Officer

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Source: SEC filing on March 31, 2010.