NEW YORK - Robert Benmosche, MetLife Inc.'s chief executive officer, was paid about $9.3 million last year, up 25.7% from the year before, according to a proxy statement filed with the Securities and Exchange Commission.
Mr. Benmosche was paid $1 million in salary, a $3.4 million bonus, and $4.48 million from the company's long-term incentive plan, covering the years 1998 to 2000. He also got $366,242 in other compensation, mainly savings plans contributions.
The company's proxy, filed Tuesday, said the compensation was determined by Mr. Benmosche's successful transformation of MetLife from a mutual into a publicly traded company.
Last year, in addition to taking the company public, Mr. Benmosche agreed to buy Grand Bank of Kingston, N.J., to enable MetLife to offer banking services through its insurance agents.