- "It's the right thing for us, and I think it tells the shareholders that I'm interested in doing the right thing," Amos said. "Credibility in today's world -- because there's so much uncertainty -- is very important."
- Under Amos' employment contract, if Aflac merged with another company or if he was replaced, Amos would be entitled to receive three times his annual salary and bonus
- Amos' decision to forego these compensation elements of his contract -- typically referred to as a "golden parachute" -- comes at a time when shareholders and the general public have expressed outrage over executive pay at other public companies.
- Amos said he reached the decision to forego his parachute on his own.

Other headlines for [AFL]

• AFL 1/6/2009 08:54am
  AFLAC Inc Price Target lowered to $53 from $63 at Fox-Pitt- LNC Price Target lowered to $32 from $40 - SFG Price Target lowered to $45 from $54 - TMK Price Target lowered to $49 from $71 - UNM Price more...
  
• AFL 12/11/2008 04:26pm
  AFLAC Inc CFO: AIG's problems and its size have created some confusion over inaccurate assumption of a possible connection between the two companies- Unlikely to pursue M&A in 'turbulent environment'
  
• 12/5/2008 09:38am
  Hearing UBS makes positive comments on insurance group, citing US insurance commissioners' meeting over the next few days may result in some relief for insurers' capital requirements (timing uncertain)
  
• AFL 11/25/2008 05:02pm
  AFLAC Inc Filing an automatic shelf registration for 6M shares related to direct stock purchase and reinvestment plan (1.3% of shares outstanding)
  
• 11/21/2008 08:16am
  Merrill making cautious comments on life insurance names, cutting price targets- LNC price target cut to $13 from $36 - PNX price target cut to $2 from $5 - PRU price target cut to $52 from $86 - more...
  

Financials sector headlines

• CLMS Today 05:13pm
  Calamos Asset Management, Inc Announces it has cut 12% of workforce (about 40 jobs)
  
• LYG Today 04:45pm
  Lloyds TSB Group plc DoJ: Llyods TSB to pay $350M settlement over helping Iran and Sudan gain illegal banking access to US banking- the bank engaged in falsifying records that allowed access to countries that were more...
  
• EQR Today 04:10pm
  Equity Residential To take Q4 impairment charge of $0.39/shr due to reduced development activitiy, could implement more workforce reductions- The impairment charge is the difference between each parcels estimated fair more...
  
• GNW Today 04:05pm
  Genworth Financial Inc OTS: Application to be thrift holding company still pending
  
• IVZ Today 04:00pm
  Invesco Reports Dec AUM $357.2B v $348.0B m/m