Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Salary Actions. In connection with the previously announced decision to
defer the retirement of The Chubb Corporation's Chief Operating Officer,
John J. Degnan, until December 31, 2010, the Organization & Compensation
Committee of The Chubb Corporation (the Committee) undertook a comprehensive
review of the compensation of certain of its named executive officers during
the third quarter of 2009. As a result of that analysis, the Committee
approved on September 2, 2009 increases to the base salaries of the
following named executive officers: John J. Degnan, Paul J. Krump, Harold L.
Morrison, Jr. and Dino E. Robusto. A schedule of the salaries for
Messrs. Degnan, Krump, Morrison and Robusto is filed herewith as
Exhibit 10.1 and incorporated by reference into this Item 5.02.
Table of Contents
Add
CB to Portfolio
Set Alert
Email to a
Friend