Herbert Fritch, president of Nashville, Tenn.-based Cigna-HealthSpring — Cigna’s Medicare and Medicaid arm — received $50.5 million in 2015.
Mr. Fritch’s base compensation was $1 million, but his choice to exercise stock options that had gained $44.4 million boosted his total compensation. He also received a cash bonus and restricted stock options.
Additionally, these Cigna executives received the following amounts in compensation in 2015:
- Thomas McCarthy, CFO: $4.6 million, excluding $2.7 million in stock and reward options
- Nicole Jones, general counsel: $8.1 million, excluding $1.8 million in stock and additional options
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