William R. Berkley, born in 1946, is a finance expert who graduated from the University of Connecticut. He founded W.R. Berkley Corporation in 1967, and he served as CEO until 2015, when he became the Executive Chairman. Berkley's leadership style...

Number of Employees

8.19K

Year

2015

Total Compensation

$6.40M

Salary

$1.00M

Board Justification

The compensation philosophy emphasizes long-term performance and alignment with shareholder interests, with a significant portion of compensation tied to performance metrics.

Bonus

$0.00

Board Justification

No bonus was awarded for 2015 as the performance metrics did not meet the required thresholds.

Other

$487.21K

Board Justification

Includes various forms of compensation such as health insurance, use of company aircraft, and other benefits.

Restricted Stock

$4.91M(87.68K RSU)

Board Justification

Performance-based RSUs that vested based on the company's return on equity performance for the year 2015.

Performance Metrics

The primary performance metrics included return on equity and combined ratio, with a focus on achieving a minimum operating ROE of 15%.

SEC Filing

From April 15, 2016