Anyway, the Globe story reports that the newly-retired head of Liberty Mutual, Ted Kelly, was paid $50 million a year for the past several years. Further, according to the Globe, the company maintains a fleet of five corporate jets.
Guess what a frequent destination for those jets has been.
Vero Beach, Florida.
Guess who owns a fancy house near Vero Beach?
Yup. Ted Kelly.
Makes you feel all warm and fuzzy, doesn't it ... knowing that, if we will just leave it alone, the market will regulate itself very nicely.