http://www.startribune.com/business/90890274.html?elr=KArks:DCiU1OiP:DiiUiD3aPc:_Yyc:aUUGiant paydays are back at UnitedHealth Group.
Chief executive Stephen Hemsley pulled in $102 million in 2009, with $98.6 million coming from exercised stock options, according to a filing with the Securities and Exchange Commission Wednesday.
That’s the biggest payday at the Minnetonka-based health insurer since 2006, when former chief Dr. William McGuire collected $127 million.
It’s also a big leap from Hemsley’s compensation of $9.5 million in 2008, which included $6.2 million in exercised options. He made $5.0 million in 2007, a year in which he exercised no options....
Hemsley’s $86,916 in other compensation includes company matching contributions to a 401 (k) plan and an executive savings plan. It does not include perks such as private use of company aircraft, company car or financial planning services....
...UnitedHealth’s 2009 revenue was $87.1 billion, up 7 percent from a year earlier. Net earnings were $3.8 billion, or $3.24 per share, up 28 percent and 35 percent respectively. The company’s guidance for 2010 was revenue above $90 billion with earnings of $2.90 to $3.10 per share.