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The 25 Highest Paid Executives of Health Insurers
in Year 2000, Exclusive of Unexercised Stock Options
see also chart on 2003 pay of 27 CEOs of NonProfit Hospitals CLICK HERE
See also 2006 data on UnitedHealth's 's 2005 giveaway to and 2003 data on pay and options at at several HMOs
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| NAME |
|
TITLE |
|
COMPANY |
|
COMPENSATION |
|
| William McGuire |
|
CEO |
|
United Health Group Corp |
$ 54,129,501.00 |
|
| Wilson Thylor |
|
Rtd Chair. |
|
CIGNA Corporation |
|
24,741,578 |
|
| Ronald Williams |
|
Exec VP |
|
Well Pnt Hith Network Inc |
13,205,631 |
|
| William Donaldson |
|
Chair |
|
Aetna Inc |
|
12,650,393 |
|
| Leonard Schaeffer |
|
Chair & CEO |
|
Well Pnt HIth Networks
Inc |
11,127,465 |
|
|
| Edward Hanway |
|
Chair & CEO |
|
CIGNA Corporation |
|
9,478,634 |
|
| D Mark Weinburg |
|
Exec. VP |
|
Well Pnt Hlth Networks
Inc. |
8,957,410 |
|
| Richard Huber |
|
Fmr Chair, CEO&Pres |
|
Aetna Inc |
|
6,988,987 |
|
| William Pastore |
|
Pres CIGNA Health |
|
CIGNA Corporation |
|
6,779,028 |
|
| Thomas Jones |
|
Pres Retire. & Invest |
|
CIGNA Corporation |
|
6,055,314 |
|
| R C. Wheeler |
|
CEO Uniprise |
|
United Health Group Corp |
5,341,555 |
|
| Jeannine Rivet |
|
Exec.VP&CEOlngenix |
|
United Health Group Corp |
5,151,379 |
|
| James Stewart |
|
Exec VP & CFO |
|
CIGNA Corporation |
|
5,023,125 |
|
| John Rowe |
|
Pres & CEO |
|
Aetna Inc |
|
4,028,919 |
|
| Kurt Thompson |
|
Exec VP & CFO |
|
Oxford Health Plans Inc |
|
3,504,114 |
|
| Alan Weber |
|
VC Strat &Fin
&CFO |
|
Aetna Inc. |
|
3,499,162 |
|
| Stephen Hemsley |
|
Pres & COO |
|
United Health Group Corp. |
2,862,665 |
|
| Michael McCallister |
|
Pres & CEO |
|
Humana Inc. |
|
2,727,004 |
|
| David Lubben |
|
Sec & Gen. Counsel |
|
United Health Group Corp |
2,701,824 |
|
| Alan R Hoops |
|
Pres.&CEO 01-07/00 |
|
PacifiCare Health
Sys,Inc. |
2,264,612 |
|
| Allen Wise |
|
Pres & CEO |
|
Coventry Health Inc |
|
2,232,127 |
|
| Jon Richardson |
|
Exec VP & Cen Coun . |
|
Oxford Health Plans, Inc |
2,054,710 |
|
| Kenneth Fasola |
|
COO - Market Oper. |
|
Humana Inc. |
|
1,909,628 |
|
| David Jones |
|
Chair & Int CEO |
|
Humana Inc. |
|
1,871,283 |
|
| James Murray |
|
COO - Service Ops |
|
Humana Inc |
|
1,854,401 |
|
|
Total Compensation paid
for these 25 Executives: $201,140,449 |
|
| Average
Compensation for these 25 Executives: $ 8,045,618 |
|
|
| (SouRcv US SECURITIES AND EXCHANGE CoMMissioN DATA COLLATED BY THE
ORGANIZATION, |
FAMILIES |
|
|
USA |
|
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33 |
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CEO: Worker Pay Ratio Shoots Up to 431 : 1
2004 was a banner year for CEOs and a dismal year for workers, according to
a new report from the Institute for Policy Studies and United for a Fair
Economy, Executive Excess 2005. The ratio of average CEO pay (now $11.8 million) to worker pay (now
$27,460) spiked up from 301-to-1 in 2003 to 431-to-1 in 2004. If the minimum wage had risen as fast as CEO pay since 1990, the lowest
paid workers in the US would be earning $23.03 an hour today, not $5.15 an
hour.
At the 34 publicly traded US corporations among the 2004 top 100 defense
contractors with 10% or more of their revenues from defense contracts
companies such as United Technologies, Textron, and General Dynamics
average CEO pay increased 200% from 2001 to 2004, versus 7% for all CEOs. For example, David H. Brooks, CEO of bulletproof vest maker DHB Industries,
earned $70 million in 2004, 13,349% more than his 2001 compensation of
$525,000. Brooks also sold company stock worth about $186 million last
year.
The report reviewed trends in CEO pay and gave CEO Hall of Shame awards to
executives who have exemplified five types of excessive pay, such as:
Tax dodgers: 46 large companies paid no federal income tax in 2003,
despite collectively earning $30 billion in profits. Some of the savings
wound up in the pockets of their CEOs, who made $12.6 million in average
pay in 2004. Over the last 15 years, the cumulative pay of the ten
highest paid CEOs in each year totaled more than $11.7 billion.
Executive Excess 2005 is the twelfth annual CEO pay study by the Institute
for Policy Studies (IPS) and United for a Fair Economy (UFE). For hard copies of the report or to set up interviews with the co-authors,
call 617-423-2148 x113 or e-mail pressroom@faireconomy.org. Or for more details CLICK HERE
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Additional reports on CEOs and top executives extracting millions and millions from the national health care system (reports from 2005 and early 2006) See here, or here or here .
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