Daniel S. Glaser was the CEO of Marsh & McLennan Companies (MMC) from January 2013 until his retirement in 2022. He built his career over 30 years at MMC and various roles in the insurance sector, including leadership positions across...

Number of Employees

85K

Year

2023

Total Compensation

$13.50M

Salary

$1.40M

Board Justification

The compensation philosophy aligns with stockholder value creation, supports a strong performance culture, and sets target compensation at competitive levels in the markets where the company operates.

Bonus

$6.00M

Board Justification

The annual bonus for 2023 was determined based on the company's financial performance and individual strategic objectives, with a payout of 171% of the target bonus.

Other

$329.85K

Board Justification

Other compensation includes contributions to defined contribution plans, financial planning services, and personal use of corporate aircraft.

Restricted Stock

$5.78M(5.78M PSU)

Board Justification

The stock awards that vested in 2023 were performance stock units (PSUs) granted in prior years, which were based on achieving specific financial performance metrics over a three-year period.

Performance Metrics

The performance metrics for determining the compensation included adjusted EPS growth and relative TSR compared to S&P 500 constituents.

SEC Filing

From March 29, 2024

Daniel S. Glaser

CEO of Marsh & McLennan Companies

M

Education

N/A

Field of Expertise

- Not Specified

Born

September 1, 1960 - 64 years ago

Is Founder?

No

Current Tenure

12 years 0 months (Jan 2013 - Present)

Previous Experience

Chairman and Chief Executive Officer of Marsh Inc.