Liam E. McGee served as the CEO and Chairman of The Hartford Financial Services Group from 2009 until 2014. Before joining Hartford, he built a strong background at Bank of America. During his time there, he led the Consumer and...
Liam E. McGee served as the CEO and Chairman of The Hartford Financial Services Group from 2009 until 2014. Before joining Hartford, he built a strong background at Bank of America. During his time there, he led the Consumer and Small Business Bank, handling operations that served over 50 million households. This experience helped him to understand how to manage large teams and complex systems. Under his leadership, Hartford focused on a customer-centered strategy aimed at sustained growth and increasing shareholder value. In 2014, McGee made headlines when he resigned, choosing to take an executive chairman role instead. In terms of compensation, he earned notable amounts. In 2012, McGee received a total compensation of nearly $11.2 million, mainly through bonuses and performance-based stock options, which reflects the company’s performance during his tenure. Notably, he didn’t take a cash bonus in 2011, showing a commitment to align with the company’s interests. Outside compensation details, his insider trading history exhibits significant fluctuations, with his holdings peaking around $43.16 million in early 2024. His career is marked by a blend of high-stakes decision making in finance and a focus on improving customer experiences, placing him as a significant figure in the financial services landscape.