|
Guest
|
conservatives value profits over decency:Aetna’s Ronald Williams
received $24,300,112 last year. That’s $467,309.85 per week. That’s a
house. Maybe not a house that Mr. Williams would live in, but a house
nonetheless
http://www.healthreformwatch.com/2009/05/20/health-insurance-ceos-total-compensation-in-2008/
Health Insurance Company CEOs Total Compensation in 2008
May 20, 2009 by Michael Ricciardelli · 43 Comments
Filed under: Private Insurance, Public Plan
photo by wardomatic via flickr
A few months back we posted the Total Compensation for a number of
Health Insurance Company CEOs for 2007. Those numbers, culled from the
companies’ SEC filings (Schedule 14A) appears immediately below. Below
that are the numbers for 2008, courtesy of FierceHealthcare.com
through Jan Rodolpho, RN.
As you can see, the year has brought decreases for some CEOs (but not
all). One wonders, discretion being the better part of valor, if the
clamor for health care reform and the pursuit of a Public Plan, has
counseled caution –for the time being– regarding executive
compensation. If the timing for further compensation has merely been
adjusted so as to backload payments until after the health care reform
debate is settled. Either way, the numbers pretty much speak for
themselves. Perhaps a slight bit of context is in order, however: it
has struck me that Aetna’s Ronald Williams received $24,300,112 last
year. That’s $467,309.85 per week. That’s a house. Maybe not a house
that Mr. Williams would live in, but a house nonetheless. The man
makes a house a week. And interestingly enough, if Mr. Williams were
to eschew the purchase of a house on any given week and instead look
to deposit the money in a bank– in order to remain FDIC insured (up to
$250,000)– he would actually need to open more than one account–every
week. Lest we lament the fate of the other CEOs on the list, in 2008
Ms. Braly had to get by on $189,311.76 per week, and Mr. Hemsley had
to somehow manage on $62,327.73 per week (but perhaps he was able to
save a little from last year when he made $253,164.02 per week).
Res Ipsa Loquitur.
Ins. Co. & CEO With 2007 Total CEO Compensation
Aetna Ronald A. Williams: $23,045,834
Cigna H. Edward Hanway: $25,839,777
Coventry Dale B. Wolf : $14,869,823
Health Net Jay M. Gellert: $3,686,230
Humana Michael McCallister: $10,312,557
U.Health Grp Stephen J. Hemsley: $13,164,529
WellPoint Angela Braly (2007): $9,094,271
L. Glasscock (2006): $23,886,169
Ins. Co. & CEO With 2008 Total CEO Compensation
Aetna, Ronald A. Williams: $24,300,112
Cigna, H. Edward Hanway: $12,236,740
Coventry, Dale Wolf: $9,047,469
Health Net, Jay Gellert: $4,425,355
Humana, Michael McCallister: $4,764,309
U. Health Group, Stephen J. Hemsley: $3,241,042
Wellpoint, Angela Braly: $9,844,212 |
|
|
