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.
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.
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