Business
Business

Aflac chief Amos' pay climbs to $16 million

By
March 18, 2011

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

J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.

Follow J. Scott Trubey on twitter
More Stories

Keep Reading

Ultralong 84-month loans make new cars look budget-friendly. The real price shows up in interest and negative equity. (David Guralnick/The Detroit News/TNS)

Credit: TNS

That low car payment could cost you more in the long run. A lot more.

About a quarter of all car loans now run longer than 72 months, according to Cox Automotive data.

Centennial Yards’ rise heralds a new downtown Atlanta

The $5 billion Centennial Yards project is rising within the 50-acre hole long known as the Gulch, an area once thought to be too complex to ever be developed.

Georgia lost jobs in September, says 1st report since federal shutdown

Georgia’s job market cooled some in September, but the unemployment rate remained steady, according to new data released Thursday by the state Department of Labor.

The Latest

Ultralong 84-month loans make new cars look budget-friendly. The real price shows up in interest and negative equity. (David Guralnick/The Detroit News/TNS)

Credit: TNS

That low car payment could cost you more in the long run. A lot more.

OPINION

Nissan’s e-Power: An EV driving experience, fueled by gas

OPINION

December car sales are good but not magic

Featured

Waymo autonomous vehicles operate across 65 square miles inside I-285 and have been involved in six incidents with Atlanta Public School buses since May. Waymo issued a recall because of their cars briefly stopping or slowing down before continuing forward while a bus was stopped and flashing its lights. (Courtesy of Atlanta Public Schools)

Credit: Courtesy of Atlanta Public Schools

Waymo cars ignored stopped school buses in Atlanta. What happens now?

The National Highway Traffic Safety Administration opened an investigation. The autonomous vehicle company has issued a software recall.

Search for new MARTA chief hits snag

The search for a new leader for the regional transit authority is widely seen as one of the most important duties facing the Marta Board

Georgia high school coach choked player, put another in headlock, warrants say

The Greene County High coach was charged with two counts of aggravated assault and one count of simple battery, according to investigators.