John J. Schiff, Jr. has been the CEO of Cincinnati Financial Corporation since April 1999. He leads a company that is a big player in insurance. Schiff has a strong background in finance, holding a bachelor's degree in Business Administration...

Number of Employees

5.43K

Year

2009

Total Compensation

$516.91K

Salary

$259.62K

Board Justification

The compensation committee endeavors to ensure that overall compensation paid to our executive officers is appropriate and in line with our overall compensation objective to attract, motivate, reward and retain the executive talent required to achieve the corporate objectives described above, with the ultimate goal of increasing shareholder value.

Bonus

$0.00

Board Justification

Mr. Schiff declined to accept a discretionary bonus award for 2009.

Other

$257.04K

Board Justification

Includes salary of $259,615, a decrease in the actuarial present value of benefits under the defined benefit and SERP plans of $5,114, and perquisites and other personal benefits of $2,537.

Restricted Stock

$257.00(10 common stock)

Board Justification

10 shares of stock awarded on November 25, 2009, under the Holiday Stock Plan available to all full-time associates.

Performance Metrics

The performance metrics for 2009 included the company's value creation ratio compared to peers, which was a healthy 19.7 percent, exceeding the company's long-term target.

SEC Filing

From March 18, 2010

John J. Schiff, Jr.

Ex-CEO of Cincinnati Financial

JJ

Education

Bachelor's degree in Business Administration from the University of Cincinnati

Field of Expertise

Finance & Banking - Finance

Born

December 15, 1948 - 76 years ago

Is Founder?

No

Tenure

8 years 0 months (Jan 2001 - Jan 2009)

Previous Experience

President and Chief Operating Officer at Cincinnati Financial Corporation