Sundar PichaiSundar Pichai earned $164M in 2023

George Joseph is the Chairman of Mercury General Corporation, a role he has held since the company's early days in 1962. With a Bachelor's degree in Business Administration from UC Berkeley, he understands the insurance industry inside and out. Under...

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George Joseph

Founder and Ex-CEO of Mercury General

Education

Bachelor's degree in Mathematics from Harvard University

Field of Expertise

Finance & Banking - Insurance

Sector of Economy

Financial Services

Born

September 11, 1922 - 102 years ago

CEO of Mercury General for

45 years 11 months (Jan 1961 - Dec 2006)

Previous Experience

Founder and CEO of Mercury General since 1961

Rivals

Competitors/colleagues of George Joseph

Holdings

See how much did George Joseph make over time.

George Joseph holds a notable position in Mercury General Corporation, but he hasn't significantly invested in stock options. Instead, his focus remains on the company's sustainable growth. His compensation structure has reflected this with a fixed salary and a performance-based...

Total Stock Sold

$2.93M

MCY

$2.93M

45,000 MCY shares

What if they kept their stock?

If George Joseph didn't sell their stock, today they would have:
Extra MCY45,000 shares worth $1.83M.
This is -37.56% and $1.10M less than what they got when they sold the stock.

Charitable Transactions

MCY

11,848 shares

MCY

Recent Charitable Transactions

MCY

$322.50K

MCY at $54.44/share

Sep 2, 2020

Charity

MCY

$322.50K

MCY at $54.44/share

Mar 7, 2016

Charity

Insider Trading

See recent insider trades of George Joseph.

MCY

$2.21M

MCY at $65.06/share

Mar 11, 2021

Sale

MCY

$724.02K

MCY at $65.82/share

Mar 10, 2021

Sale

MCY

$2.49M

MCY at $39.27/share

May 22, 2020

Purchase

MCY

$2.27M

MCY at $38.72/share

May 20, 2020

Purchase

MCY

$1.01M

MCY at $38.86/share

May 19, 2020

Purchase

MCY

$1.57M

MCY at $37.80/share

May 15, 2020

Purchase

MCY

$4.41M

MCY at $35.94/share

May 14, 2020

Purchase

MCY

$5.69M

MCY at $36.25/share

May 13, 2020

Purchase

MCY

$2.20M

MCY at $37.00/share

May 12, 2020

Purchase

MCY

$2.37M

MCY at $35.65/share

May 11, 2020

Purchase

Compensation History

See how much did George Joseph make over time.

George Joseph's compensation at Mercury General Corporation revolves mainly around his base salary and performance bonuses. In 2016, he earned $1,019,200 as a base salary, alongside an additional bonus of $43,302, reflecting his critical role in steering the company through fluctuating underwriting income and other challenges. Over the years, his compensation has been structured around success metrics that align with the company's performance, primarily based on underwriting results. Unlike many CEOs in the industry, he has not participated in stock option grants, which emphasizes his strategy of long-term stability rather than immediate financial gain. Additionally, he benefits from other perks, like director’s fees, which are consistent across his tenure. His compensation philosophy appears to be strategically designed to motivate performance without an overreliance on stock options, showcasing his commitment to the company's core values and growth.

Year

2008

Total Compensation

$966.69K

Salary

$850.00K

Board Justification

The compensation program is designed to attract, motivate, and retain talented executives while aligning their interests with the long-term goals of the company and its shareholders.

Bonus

$35.42K

Board Justification

Represents the annual one-half-month’s bonus awarded to all employees of the Company plus awards to the named executive officers as determined by Messrs. Joseph and Tirador based on the individual officer’s performance.

Other

$81.27K

Board Justification

Includes director’s fees, health insurance payments, personal use of company automobile, and club dues.

Restricted Stock

$0.00(0 )

Board Justification

No stock was granted or vested in 2008.

Performance Metrics

Performance metrics for bonuses were based on the Company’s Underwriting Income, which was not positive in 2008.

Other Mercury General CEOs

Here are other CEOs of Mercury General