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Saturday, September 5, 2009

Sick for Profit - Insurance CEOs

 

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Insurance CEOs

 

 

 

 

Stephen J. Hemsley

UnitedHealth CEO

Stephen J. Hemsley

2007 Compensation

$13.2 million

2008 Compensation (Forbes)

$3,241,042

Former Managing Partner and CFO of Arthur Andersen (BusinessWeek)

Total Value of Unexercised Stock Options (Forbes)

$744,232,068

2009 Options Exercise

$127,001,281

Value of Wayzata, Minnesota Home (Hennepin County Assessor)

$6,640,000

Articles:

Hemsley returns $190 million in stock options acquired as a result of practices found to be fraudulent by the SEC (American Medical News)

Edward Hanway

CIGNA CEO

Edward Hanway

Five-Year Compensation, as of April 30, 2008 (Forbes)

$120.51 million

Total Value of Unexercised Stock Options (Forbes)

$28,881,000

Value of New Jersey Beach Home (Cape May County Assessor)

$13,607,400

Articles:

The family of a 17-year-old girl who died hours after CIGNA reversed a decision and said it would pay for a liver transplant plans to sue the company, their attorney said Friday. (Oakland Tribune)

Hundreds of entertainment industry workers in California and New Jersey who buy health insurance as a group are being hit with a rate increase that will raise some family-plan premiums to more than $44,000 a year. (USA Today)

Michael McCallister

Humana CEO

Michael McCallister

2007 Compensation

$10.3 million

2008 Compensation (Forbes)

$1,017,308

Five-Year Compensation Total (Forbes)

$15.1 million

Total Value of Unexercised Stock Options (Forbes)

$60,865,194

2006 Options Exercise (SECForm4)

$22,294,710

Value of Park City, Utah Home (County Assessor)

$6,978,380

Articles:

Humana abandons senior citizens in Florida, returns after Republicans pass new Medicare law, upping HMO payments by ~ 25% (NY Times)

Ronald A. Williams

Aetna CEO

Ronald A. Williams

2007 Compensation

$23 million

2008 Compensation (Forbes)

$24,300,112

Total Value of Unexercised Options (Forbes)

$194,496,797

Williams is in the top
ten of Forbes'
"$100 Million CEO Club."

Articles:

Health insurance giants Aetna and CIGNA, along with others, became the latest targets of a wide-ranging probe launched by New York Attorney General Eliot Spitzer, according to USA Today. (USA Today)

Allen Wise

Coventry CEO

Allen Wise

CEO from 1996-2004, and from January 2009-Present

2004 Compensation (Forbes)

$13,052,799

2006 Sale of Stock

$14,458,251

2006 Options Exercised

$2,895,000

2005 Sale of Stock

$46,410,695

2005 Options Exercised

$6,709,564

2004 Sale of Stock

$12,826,756

2004 Options Exercised

$4,798,000

Value of Hilton Head, SC Home (Beaufort County Assessor)

$3,275,500

Angela Braly

WellPoint CEO

Angela Braly

2007 Compensation (secinfo)

$9,094,271

2008 Compensation (Forbes)

$9,844,212

2006 Sale of Stock (SECForm4)

$4,858,585

2006 Options Excerise (SECForm4)

$4,566,124

Value of Indianapolis Home

$1,987,700

 

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Sick for Profit - Insurance CEOs

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