OneBeacon sale signals payday for management
OneBeacon's management team is set for handsome payouts from
the $1.7bn sale of the company to Canada's Intact, with
president and CEO Mike Miller in line for the richest award.
Intact is paying $18.10 per share for all the outstanding stock.
That values Miller's existing stock at close to $4.62mn,
according to information OneBeacon provided as of 29 March. This
translates into about $7.58mn, including unvested awards owned by
Miller.
The CEO and other members of the OneBeacon
team are...
Read more »