Chubb golden parachute News

Chubb Corp. shareholders opposed an $80 million golden parachute payment for Chief Executive Officer John Finnegan, who struck a deal to sell the insurer to Ace Ltd. About 61 percent of voting shareholders said no to the pay packages for …

Chubb Corp. Chief Executive Officer John Finnegan could walk away with at least $92.7 million if he’s terminated after ACE Ltd. acquires the company. Finnegan, who’s run the insurer since late 2002, would be eligible to receive $20.5 million in …