United Health CEO Compensation Grew 21 Percent–Pay For Performance/Salary Yielded 4.7 Million of An Almost $11 Million Pay
Posted Apr 13 2011 4:38pm
All I can say here is no wonder Untied wants everyone on pay for performance, but unless you are a big time CEO don’t count on it. In healthcare pay for performance items are beginning to show they have not been all they once cracked up to be. Come to think of it, are better outcomes just for CEOs? <grin>.
In an article from last year the shareholders were not concerned much about executive pay or lobbyists expenses so this must set the pace. BD
INDIANAPOLIS -- Health insurer UnitedHealth Group's earnings rose 21 percent last year and so did the compensation it gave CEO Stephen Hemsley .
The 58-year-old executive received a pay package totaling $10.8 million from the Minnetonka, Minn., managed care company. That includes a salary and performance-related bonus amounting to $4.7 million and stock and options valued at $6 million.
UnitedHealth is the largest health insurer based on revenue. Its net income climbed 21 percent last year to $4.6 billion, and its share price rose 18 percent. That's higher than the increase recorded by the Standard & Poor's 500 index in 2010.