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Manulife CEO Donald Guloien
Manulife CEO Donald Guloien
(MIKE CASSESE/MIKE CASSESE/REUTERS)

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Manulife CEO saw big 2012 pay raise

Manulife Financial Corp. chief executive Donald Guloien earned $10.45-million in 2012, with most of the money coming from new grants of share units and stock options.

The company’s latest shareholder proxy circular shows the insurance executive received a 20-per-cent pay increase in 2012 over his 2011 compensation of $8.7-million, due largely to a jump in the value of his annual bonus to $2.8-million in 2012 from $1.58-million in 2011.