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Genworth to pay ex-CEO Fraizer $2.25 million lump sum May 14, 2012   (Reuters) - Life and mortgage insurer Genworth Financial Inc will pay former Chief Executive Michael Fraizer a lump sum of $2.25 million as part of a separation agreement reached on Monday. Fraizer, who had held the top post at the company since it was spun off from General Electric Co in 2004, stepped down as CEO after the company's weaker-than-expected results earlier this month. The company also said in a regulatory filing that 400,000 of Fraizer's previously vested and outstanding stock appreciation rights (SARs), with a base price of $2.46, and 433,334 SARs with a base price of $7. ...     print     email to friend

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