ÌìÃÀÍøÕ¾´«Ã½´«Ã½

The public outrage aimed at American International Group over bonuses given to its executives has reached the man whose committee approved the payouts: James F. Orr, former chief executive officer of Unum Corp.

The Portland Press Herald said leaders of several union and public pension funds that own ÌìÃÀÍøÕ¾´«Ã½´«Ã½ stock called on ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s three government-appointed trustees last week to remove Orr, who serves as chairman of the directors’ executive compensation committee.

Orr was widely credited with building Unum Corp. into a multibillion-dollar disability insurance company in the 1980s and 1990s when it was headquartered in Portland. He now lives in Massachusetts.

At ÌìÃÀÍøÕ¾´«Ã½´«Ã½, Orr was chairman of the executive committee when it approved the ÌìÃÀÍøÕ¾´«Ã½´«Ã½ executive compensation and retention plans that resulted in the controversial bonuses.
___

Information from: Portland Press Herald

Topics ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Maine