This week Liberty Mutual announced a slew of benefits cuts for current and retired employees of the company. Liberty Mutual has realized large profits of late — up 28 percent in the first half of 2013 — while former CEO Edmund Kelly enjoys a $3.3 million pension following his opulent lifestyle as CEO. Jim Braude and Margery Eagan opened up the lines to ask, in light of recent cuts, if CEO pay and benefits have become drastically inflated.
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