by Naomi Seligman
We thought we could bring everyone a little holiday cheer – by sharing what must have been a great year for Mercury’s CEO Gabe Tirador.
Tirador’s basic compensation package, according to Reuters, was $859, 309. And his options compensation was $1.6 million. Not bad for the former CPA.
We know he will his work his very hardest in the new year to trick Californians into voting for Mercury’s deceptive ballot initiative next year. Mercury is spearheading a measure that would surcharge drivers, including soldiers and seniors, who have had a lapse in car insurance coverage for virtually any reason during the past five years. Under the proposal, people who stopped driving and didn’t need insurance for a time would be required to pay hundreds of dollars more for insurance when they sought to restart coverage. The measure would gut a provision of the 1988 insurance reform measure Prop. 103, which prohibits companies from raising rates on people because they did not have auto insurance in the past.
Happy Holidays.
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