Health Care CEOs Earn Top Pay-CEO of UnitedHealth Group, 198% jump

[The Straight Story]

Health Care CEOs Earn Top Pay

Sometimes it’s good to be a health-care CEO. Health-care company chief executives had the highest median pay of any industry captured by the recent The Wall Street Journal CEO Compensation Study.

The median CEO pay in the industry was $10 million, according to the study, which was done in conjunction with consulting firm Hay Group. That beat out consumer goods at $8.9 million and telecom and oil and gas, both with median CEO pay of $8.6 million. The study looked at total direct compensation, which includes salary, bonuses and the value of long-term incentives, including stock and stock options at the time of the grant.

The health-care industry has been the focus of a lot of attention over rising costs. But Paul Dorf, managing director of Upper Saddle River, N.J.-based Compensation Resources Inc., a compensation consulting firm, said the resiliency of the sector as a whole led to high pay in health care.

The total shareholder return for Thermo Fisher Scientific, for example, where CEO Marc Casper received total compensation of $33 million, was 40% in fiscal year 2009. (Casper became CEO in October 2009.) Thermo Fisher makes lab equipment and other health-care products and services.

...

Stephen Hemsley, the CEO of UnitedHealth Group, with a 198% jump in total direct compensation, had among the biggest year-over-year percentage gains in pay among health-care CEOs.

http://blogs.wsj.com/health/2010/11/16/health-care-ceos-bring-home-the-bacon/

[90-percent]

1. Warren Tango Freddy

If there is a person walking this earth that deserves to receive a righteous SECOND AMENDMENT SOLUTION from the bottom 99%, it is Stephen Hemsley. IF you amortize it, I think he's compensated at the rate of $500 a word, coming out of his mouth or his memo's or emails or what ever the fuck these monsters do to justify that obscene money.

-90% Jimmy

[mzmolly]

2. They're giving themselves a big raise and blaming the President for increased

health care costs. They're traitors.

[PeaceNikki]

3. And when United hikes my rates for 2011, I will be fuming.

I'll see my enrollment details on Monday.

x(