Aflac chief Amos' pay climbs to $16 million

Total compensation for Aflac Chairman and CEO Dan Amos rose 17 percent in 2010, a year in which the Columbus-based insurer reported 57 percent growth in profits, the company said Thursday in its annual proxy filing.

Amos had total compensation of nearly $16 million, compared to $13.6 million in 2009, and $10.8 million in 2008. Aflac reported net income of $2.3 billion in 2010.

Amos’ base salary was $1.4 million, unchanged from 2009. The value of stock awards more than doubled in 2010 to $3.4 million, while option awards climbed 18 percent to $6.8 million. Performance bonuses, called non-equity compensation, dipped slightly to $4 million.

Kriss Cloninger III, president and chief financial officer, made $8.7 million, up 51 percent. Aflac Japan President and chief operating officer Tohru Tonoike’s compensation climbed 40 percent to $3.4 million.

About the Author

Norfolk Southern and Union Pacific shareholders OK merger. Here’s what’s next.

The proposed mega-railroad company would be headquartered in Omaha, Nebraska, sending anxiety through the company's Atlanta ranks, where Norfolk Southern is based.

Design firm chosen to turn Midtown Atlanta eyesore into high-profile park

The look and feel of a planned public park in Atlanta’s largest high-rise district is soon going to take form.

Atlanta area home prices fell in October with steep declines in some places

Metro Atlanta's median sales prices dropped in October as more inventory is on the market.

The Latest

Credit: Special

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

OPINION

Saying goodbye to the Porsche 718 Cayman — for now

Featured

Credit: Bloomberg via Getty Images

Prosecutor takes helm of Georgia case against Trump. But will he move forward?

A veteran Georgia prosecutor will decide the fate of Fulton County District Attorney Fani Willis' election interference case against Donald Trump and his allies.

With some solar power tax breaks expiring, Georgians rush to catch the sun

Georgia solar installers say they’re seeing a surge of customers trying to install rooftop solar systems before federal tax credits go away at the end of the year.

‘Automatic for the People’: Weaver D’s still bonds Athens as era nears end

After feeding everyone from R.E.M. to Brian Kemp, and coining a phrase that went global, Dexter Weaver is preparing to close his storied Athens soul food restaurant.