By the time A.J. Kess joined Travelers’ Insurance Company as the chief legal officer in December 2016, the year was basically over. Nonetheless, Travelers tallied his total compensation that year as $8.7 million.
For most of 2016, Kess had been a partner at Simpson Thacher & Bartlett, which posted profits per partner of $3.47 million, according to The American Lawyer.
To entice him to walk away from “certain pension benefits,” as the company phrased it in its 2017 proxy report, it paid Kess $4.7 million in other compensation, in addition to a $500,000 bonus, $3 million in stock awards, and $500,000 ...
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