Derivatives still haunt some companies, including the insurance giant Metlife. The company posted an 81% drop in profits in 2012, thanks to large losses in derivatives, investments that are meant to offset Metlife’s exposure to low interest rates. Excluding investment losses, the company fared well for the year, exceeding Wall Street’s expectations by posting a 22% gain in operating profit. It rewarded its CEO handsomely for the efforts -- Steven Kandarian got a 40% bigger bonus.


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