According to the report, seven major insurance companies — Aetna, CIGNA, Coventry, Health Net, Humana, UnitedHealth and Well Point — saw their stock prices close Thursday, April 21, at or near 52-week highs. UnitedHealth’s shares jumped more than 8 percent that day.
Mr. Potter notes that Stephen Hemsley, president and CEO of UnitedHealth, “made out like a bandit” as his company enjoyed success on Thursday. Already at the top of Forbes 2011 “Executive Pay List,” Mr. Hemsley’s net worth jumped significantly as shares increased. Mr. Hemsley earned $101.96 million last year, $98.55 of which came from stock gains, mostly from exercising options, according to the report.
Read the Huffington Post editorial by Wendell Potter.
Read more on compensation:
–Miami’s Jackson Health System Announces $590K Salary for New CEO
–Troubled Jackson Health System Could Offer New CEO Up to $975K
–Academic Hospitalists Earn $173K Less Than Non-Academic Counterparts
