Barrette exits White Mountains with $21mn

White Mountains CEO Ray Barrette has received a $21mn payout on
his retirement from the company - a sum large enough to erase the
company's expected first-quarter earnings, according to one
analyst.
The reasons for the lump sum payment were not made explicit in
the SEC filings detailing the terms of Barrette's exit from the
company he rejoined in 2007.
The payout was roughly equal to the value of the unvested 5,000
restricted shares and 10,000 performance shares held by...