Highmark Pays More Than $6M for 3 CEOs in 2012

During fiscal year 2012, Pittsburgh-based health insurer Highmark doled out more than $6 million to pay three different CEOs, according to a Pittsburgh Post-Gazette report.

Kenneth Melani, MD, former CEO of Highmark, earned more than $3.9 million in 2012 even though he was fired April 1. Highmark let Dr. Melani go after he was charged with assault and trespassing. Police said Dr. Melani had a physical altercation with a man reportedly described as the husband of a woman with whom Dr. Melani was having an affair.

Highmark then appointed J. Robert Baum, chairman of the board, as interim CEO. He earned more than $310,000 in that brief role, according to the report.

Highmark hired current CEO William Winkenwerder Jr. in June, and his salary and compensation totaled $1.87 million.

More Articles on Healthcare Compensation:

Executive Compensation: 9 Things Every Hospital CEO Should Know
Healthcare Chief Compliance Officer Salaries: 18 Statistics
Pay for Advanced Practice Clinicians Rises 3% in 2012

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