UnitedHealth's CEO makes 298 times more than its median employee

UnitedHealth Group CEO David Wichmann earned nearly $17.4 million in 2017, which is 298 times more than the company's median employee, according to UnitedHealth's 2018 proxy statement.

Mr. Wichmann — who was elevated from UnitedHealth's president to the role of CEO on Sept. 1, 2017 —  earned a $1.16 million base salary, $8.3 million in stock awards, $2.78 million in stock options, $4.9 million in cash incentive awards, and hundreds of thousands in company matching contributions.

In comparison, the median employee compensation at UnitedHealth in 2017 was $58,378.

In 2016, UnitedHealth's former CEO Stephen Hemsley, who stepped down Aug. 31, 2017, made $18.45 million.

Read the full proxy statement here.

More articles on payer issues:
BCBS parent company posts $1.3B profit in 2017: 4 things to know
Cigna to eliminate 50 jobs at New Hampshire credentialing department
Contract termination between New Mexico Heart Institute, Presbyterian Health Plan affects 3k patients

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers