UnitedHealth Group CEO Stephen J. Hemsley saw his compensation drop by more than half in 2010, taking home $48.8 million compared to his previous year's salary of $102 million, according to a Hartford Courant report.
Mr. Hemsley received the majority of his 2010 compensation through stocks vested and options exercised, according to a federal filing.
According to the report, the reported $48.8 million compensation for 2010 does not include stock awards and options issued last year, which are currently valued at $6 million. These awards and options are vested later and depend on UnitedHealth's performance.
Read the Hartford Courant report on UnitedHealth CEO Stephen Hemsley.
Read more on compensation:
-New York Times' 200 Best-Paid CEOs List Includes Health Insurance Execs
-Petition Questions Business Practices, CEO Pay at California's Palomar Pomerado Health
-Minnesota's United Hospital District Approves $22K Raise for CEO
Mr. Hemsley received the majority of his 2010 compensation through stocks vested and options exercised, according to a federal filing.
According to the report, the reported $48.8 million compensation for 2010 does not include stock awards and options issued last year, which are currently valued at $6 million. These awards and options are vested later and depend on UnitedHealth's performance.
Read the Hartford Courant report on UnitedHealth CEO Stephen Hemsley.
Read more on compensation:
-New York Times' 200 Best-Paid CEOs List Includes Health Insurance Execs
-Petition Questions Business Practices, CEO Pay at California's Palomar Pomerado Health
-Minnesota's United Hospital District Approves $22K Raise for CEO