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...

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 the U.S., Europe, and the Middle East. Under his leadership, MMC aligned executive pay with company performance, significantly impacting shareholder value. In 2022, he received total compensation exceeding $30 million, with a hefty chunk tied to reaching strategic goals. He owned more than 100,000 shares in MMC, peaking at about $35 million in value. Glaser is known for his strategic mindset and practical approach to management, focusing on achieving measurable results. He has also served on several advisory boards, including BritishAmerican Business and the American Institute for Chartered Property Casualty Underwriters. His transition marked an era of growth for MMC, showing the importance of clear performance metrics in corporate success.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Marsh & McLennan Companies CEOs

M

Daniel S. Glaser

CEO of Marsh & McLennan Companies

Education

N/A

Sector of Economy

Financial Services

Born

September 1, 1960 - 64 years ago

CEO of Marsh & McLennan Companies for

12 years 3 months (Jan 2013 - Present)

Previous Experience

Chairman and Chief Executive Officer of Marsh Inc.

Rivals

Competitors/colleagues of Daniel S. Glaser

A

J. Patrick Gallagher, Jr.

CEO of Arthur J. Gallagher

2023 Compensation

Stock

$3.99M

Salary

$1.30M

Bonus

$0.00

Other

$2.93M

Total Holdings

$303.65M

A

Gregory C. Case

CEO of Aon plc

2023 Compensation

Stock

$62.08M

Salary

$1.50M

Bonus

$2.55M

Other

$674.49K

Total Holdings

$12.17M

B

J. Powell Brown

CEO of Brown & Brown

2023 Compensation

Stock

$8.33M

Salary

$1.00M

Bonus

$0.00

Other

$344.88K

Total Holdings

$552.83M

W

Carl Hess

CEO of Willis Towers Watson

2023 Compensation

Stock

$1.77M

Salary

$1.00M

Bonus

$0.00

Other

$512.64K

Total Holdings

$2.62M

Holdings

See how much did Daniel S. Glaser make over time.

During his time as CEO, Daniel S. Glaser held significant shares in Marsh & McLennan, with over 100,000 shares at one point valued at around $35 million. His trading history showed a strong commitment to the company, reflecting confidence in...

During his time as CEO, Daniel S. Glaser held significant shares in Marsh & McLennan, with over 100,000 shares at one point valued at around $35 million. His trading history showed a strong commitment to the company, reflecting confidence in its future. At his peak, this holding constituted a substantial part of his wealth, underscoring the alignment of his interests with those of the shareholders. His insider trading data revealed that he consistently participated in stock options and other equity awards, further enhancing his holdings over time. This not only depicted his faith in the company's growth but also emphasized the impact of stock performance on his overall compensation. As he retired, his holdings carried a notable weight in the market, indicating a lasting legacy for his strategic investments in MMC.

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Total Stock Sold

$242.97M

MMC

$242.97M

2,559,387.478 MMC shares

What if they kept their stock?

If Daniel S. Glaser didn't sell their stock, today they would have:
Extra MMC2,559,387.478 shares worth $223.69M.
This is -7.93% and $19.28M less than what they got when they sold the stock.

Charitable Transactions

MMC

15,104 shares

MMC

Recent Charitable Transactions

MMC

2,500 shares

MMC

May 6, 2020

Charity

MMC

2,709 shares

MMC

Dec 31, 2019

Charity

MMC

290 shares

MMC

Feb 19, 2019

Charity

MMC

820 shares

MMC

Dec 18, 2017

Charity

MMC

1,525 shares

MMC

Dec 31, 2016

Charity

MMC

3,200 shares

MMC

Dec 31, 2015

Charity

Insider Trading

See recent insider trades of Daniel S. Glaser.

MMC

$5.00M

MMC at $154.60/share

Mar 4, 2022

Sale

MMC

$39.75M

MMC at $167.63/share

Nov 29, 2021

Sale

MMC

$3.13M

MMC at $115.28/share

Mar 4, 2021

Sale

MMC

$36.29M

MMC at $115.39/share

May 6, 2020

Sale

MMC

2,500 shares

MMC

May 6, 2020

Charity

MMC

$26.53M

MMC at $106.81/share

Mar 5, 2020

Sale

MMC

2,709 shares

MMC

Dec 31, 2019

Charity

MMC

$16.52M

MMC at $92.03/share

Mar 5, 2019

Sale

MMC

290 shares

MMC

Feb 19, 2019

Charity

MMC

$3.40M

MMC at $81.88/share

Mar 5, 2018

Sale

Compensation History

See how much did Daniel S. Glaser make over time.

In 2023, Daniel S. Glaser received a total compensation of $19 million, which included a salary of $1.4 million, a bonus of $6 million, and substantial stock options that vested. This was a decrease from 2022, where his total compensation was around $30 million. His bonus structure was linked to the financial performance of Marsh & McLennan and his personal strategic goals, often exceeding targets. His compensation plan emphasized performance metrics like earnings per share (EPS) growth. Glaser's focus was not just on annual pay but also on long-term incentives that would grow with the company's success. He was part of a culture that pushed for aligning executive compensation with company performance and shareholder interests.

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.

Other Marsh & McLennan Companies CEOs

Here are other CEOs of Marsh & McLennan Companies

Brian Duperreault

Ex-CEO of Marsh & McLennan Companies

February 2008 - December 2012