An Immorality Tale: What's Wrong With Everything

by
Abby Zimet

Meet Ted Kelly, the recently retired CEO of Boston’s Liberty Mutual insurance company, which got a tax break of $46.5 million, pays its board members $200,000 a year, and has its own fleet of five aircraft worth $150 million, kept in a private hangar with heated ramps behind razor-wire topped fences. Kelly had an annual compensation package of $50 million. Just shy of a million dollars a week. $192,000 a day. $24,000 an hour. To run an insurance company. Is there any need to say more?

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