Criticized for lack of transparency, Blue Shield of California reveals executive pay

Blue Shield of California has made its first detailed disclosure on executive pay, which lists compensation for the nonprofit's 10 highest paid executives by name.

Consumer advocates have criticized the insurer's lack of transparency on executive compensation over the years. The issue received more attention after a 2013 audit raised questions about the company's taxpayer subsidy and the justification for it.

In 2014, California revoked Blue Shield of California's tax exemption, which it had enjoyed since its founding in 1939.

The insurer didn't provide information on executive pay until it was required to do so by a 2010 California law. However, that information didn't include names with amounts and didn't provide details about what was included in terms of salary and bonuses, according to Kaiser Health News.

Here are the 10 highest paid executives at Blue Shield of California for 2015.

1. Paul S. Markovich, president and CEO: $3.52 million

2. Janet D. Widmann, executive vice president of markets: $3.43 million

3. Robert W. Geyer, senior vice president of customer quality: $2.54 million

4. Michael A. Murray, CFO: $1.79 million

5. Seth A. Jacobs, senior vice president and general counsel: $1.55 million

6. Todd K. Walthall, senior vice president of customer experience: $1.39 million

7. Michael G. Mathias, senior vice president and CIO: $1.22 million

8. Juan C. Davila, executive vice president of healthcare quality: $1.14 million

9. Mary M. O'Hara, senior vice president of internal communications and chief human resources officer: $1.08 million

10. Brent J. Hitchings, former vice president of small business markets: $1.08 million

More articles on executive compensation:

Female CEOs in the 100 largest companies out-earned their peers in 2015
Do bigger executive paychecks help hospitals stay competitive?
CEOs: Most Americans think you're overpaid


Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars