BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
HARTFORD, Conn.—Hartford Financial Services Group Inc.’s Chairman, President and CEO Liam McGee has requested that he receive no year-end bonus, according to a filing with the Securities & Exchange Commission.
In a proxy statement filed Thursday with the SEC, Hartford said Mr. McGee asked that he receive no year-end 2011 bonus. “The independent directors determined that Mr. McGee would have otherwise received an incentive award, but they honored Mr. McGee’s request and awarded no cash bonus,” according to the filing, which did not provide further details.
Mr. McGee had come under fire this year from John Alfred Paulson, president of hedge fund manager Paulson & Co. and Hartford’s largest single stockholder, who urged Hartford to break up the company in order to boost shareholder value. Last month, Hartford announced it would exit its individual life, annuities and some other businesses to concentrate on property/casualty, mutual funds and group benefits businesses.
BOSTON (Reuters)—Prominent hedge fund manager John Paulson said on Friday that The Hartford Financial Services Group Inc. could boost its share price by 62% if it listened to him and broke itself apart as soon as April.