|
Company Intelligence
Health Plan Executives’ Pay in 2008 (ranked by salary
of top-paid executive)* |
| Reprinted from the June 8, 2009, issue of HEALTH PLAN WEEK, the industry's leading source of business, financial
and regulatory news of health plans, PPOs, and POS plans. |
| Name/Title |
Company |
Annual Salary |
|
|
|
Other Annual
Compensation |
| Stephen Hemsley, President/CEO |
UnitedHealth Group |
$1,300,000 |
$0 |
$0 |
$1,822,019 |
$119,023 |
| George L. Mikan, III, Executive Vice President (EVP),
Chief Financial Officer (CFO) |
$692,115 |
$176,982 |
$2,774,947 |
$1,750,000 |
$1,137,362 |
| Jay Gellert, President/CEO |
Health Net, Inc. |
$1,204,615 |
$1,818,376 |
$898,053 |
$0 |
$131,526 |
| James Woys, EVP/Chief Operating Officer (COO) |
$705,385 |
$621,378 |
$339,912 |
$0 |
$79,368 |
| H. Edward Hanway, Chairman/CEO |
CIGNA Corp. |
$1,142,885 |
$0 |
$3,601,966 |
$6,650,000 |
$21,792 |
| Michael Bell, EVP/CFO |
$631,923 |
$0 |
$1,868,002 |
$1,493,450 |
$6,945 |
| Angela Braly, President/CEO |
WellPoint, Inc. |
$1,135,538 |
$1,750,015 |
$6,703,318 |
$73,810 |
$169,561 |
| Wayne S. DeVeydt, EVP/CFO |
$648,769 |
$810,916 |
$1,451,797 |
$27,573 |
$84,852 |
| Ronald Williams, Chairman/CEO |
Aetna Inc. |
$1,091,764 |
$6,456,630 |
$13,537,365 |
$1,950,000 |
$101,487 |
| Mark Bertolini, President |
$919,368 |
$1,038,501 |
$4,481,279 |
$1,390,500 |
$40,176 |
| Michael McCallister, President/CEO |
Humana Inc. |
$1,017,308 |
$0 |
$3,078,897 |
$0 |
$668,104 |
| James Murray, COO |
$663,846 |
$0 |
$1,558,444 |
$0 |
$245,071 |
| Michael Neidorff, Chairman/President/CEO |
Centene Corp. |
$1,000,000 |
$4,718,780 |
$1,387,338 |
$1,250,000 |
$418,365 |
| William Scheffel, EVP, Specialty Business Unit |
$575,000 |
$231,221 |
$391,044 |
$500,000 |
$27,760 |
| Dale Wolf, CEO |
Coventry Health Care, Inc. |
$965,000 |
$1,914,269 |
$5,681,753 |
$0 |
$486,447 |
| Shawn M. Guertin, EVP/CFO/Treasurer |
$570,000 |
$1,068,022 |
$1,978,225 |
$0 |
$153,562 |
| Robert Pollack, President/CEO |
Assurant, Inc. |
$950,000 |
$480,167 |
$1,634,851 |
$1,638,750 |
$126,072 |
| Michael J. Peninger, EVP and CFO |
$500,000 |
$149,004 |
$453,104 |
$560,000 |
$194,761 |
| J. Mario Molina, President & CEO |
Molina Healthcare, Inc. |
$850,000 |
$493,740 |
$0 |
$800,757 |
$73,148 |
| John Molina, CFO |
$775,000 |
$493,740 |
$0 |
$547,576 |
$80,745 |
| Herbert Fritch, President/CEO |
HealthSpring, Inc. |
$800,000 |
$0 |
$221,783 |
$1,600,000 |
$8,050 |
| Gerald Coil, EVP/COO |
$400,000 |
$169,583 |
$736,937 |
$600,000 |
$11,158 |
| James Carlson, President/CEO |
AMERIGROUP Corp. |
$761,538 |
$215,467 |
$959,946 |
$3,335,417 |
$20,178 |
| Richard C. Zoretic, COO |
$484,615 |
$108,530 |
$460,339 |
$1,358,334 |
$6,900 |
| Ramon M. Ruiz-Comas, President/CEO |
Triple-S Management Corp. |
$563,100 |
$749,998 |
$749,001 |
$476,818 |
$104,309 |
| Socorro Rivas-Rodriguez, President, Triple-S, Inc. |
$411,600 |
$249,999 |
$249,667 |
$347,230 |
$62,367 |
Editor’s note: WellCare Health Plans, Inc. was omitted
from this table because it had not filed its proxy statement when data for
the table were being compiled.
*The table includes both the top-ranked executive and the
second-highest paid health plan executive for each company on the basis of
salary.
1. Reflects the company’s estimated fair value related to
stock and options granted in 2008 and prior years.
2. Includes non-equity incentive plan compensation.
SOURCE AND METHODOLOGY: Compiled by Atlantic Information
Services, Inc. from company proxy statements, June 2009
See also 2007 Executive Compensation at Publicly Traded Managed
Care Firms |
| Total Compensation for Health Plan CEOs in 2008 |
Name/Title |
Company |
Total Annual Compensation (FN) |
Ronald Williams, Chairman/CEO |
Aetna Inc. |
$24,300,112 |
H. Edward Hanway, Chairman/CEO |
CIGNA Corp. |
$12,236,740 |
Angela Braly, President/CEO |
WellPoint, Inc. |
$9,844,212 |
Dale Wolf, CEO |
Coventry Health Care, Inc. |
$9,047,469 |
Michael Neidorff, Chairman/President/CEO |
Centene Corp. |
$8,774,483 |
Robert Pollack, President/CEO |
Assurant, Inc. |
$7,950,668 |
James Carlson, President/CEO |
AMERIGROUP Corp. |
$5,292,546 |
Michael McCallister, President/CEO |
Humana Inc. |
$4,764,309 |
Jay Gellert, President/CEO |
Health Net, Inc. |
$4,425,355 |
Stephen Hemsley, President/CEO |
UnitedHealth Group |
$3,241,042 |
Ramon M. Ruiz-Comas, President/CEO |
Triple-S Management Corp. |
$2,703,226 |
Herbert Fritch, President/CEO |
HealthSpring, Inc. |
$2,629,833 |
J. Mario Molina, President & CEO |
Molina Healthcare, Inc. |
$2,217,645 |
| SOURCE AND METHODOLOGY: Total compensation is derived from
company proxy statements, and includes base salary, bonuses, stock awards,
options/SAR awards, non-equity incentive plan compensation, non-qualified
deferred compensation earnings and all other compensation. June 2009 |
|
