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Health Insurance CEO Pay Jumps

Chief executives of the 10 largest for-profit health insurance companies took home about $228.1 million in 2009...

Copyright 2010 TheStreet.com, Inc.All Rights Reserved

TheStreet.com

August 13, 2010 Friday 14:35 PM EST

SECTION: MARKETS; Market Features

LENGTH: 251 words


HEADLINE: Health Insurance CEO Pay Jumps

BYLINE: Maria Woehr, TheStreet Staff Reporter

NEW YORK (TheStreet) -- Data compiled by Health Care For America Now shows chief executives of the 10 largest for-profit health insurance companies took home about $228.1 million in 2009. Here's a look at some of the highest paid executives in the industry.

Angela Braly, CEO of Wellpoint( WLP:NYSE) (above) saw her salary increase from $8.7 million a year to $13.1 million in 2009. Since she took on the job in 2007, her salary has tripled. Wellpoints share are trading almost a dollar down from where shares were last year. Shares were trading up 23 cents at $51.83 Friday afternoon.

Ron Williams, the CEO of Aetna( AET:NYSE), earned $18.2 million in 2009, instead of the $24.4 million he earned the year before. Williams joined Aetna in 2001. Aetna's stock slid seven cents since last year. It's stock was trading even at $28.10 a share Friday afternoon.

Cigna( CI:NYSE) CEO David Cordani earned a total of $136.3 million in 2009. Cordani became CEO in 2008 and has been at the company since 2000. Cigna's stock is pretty much trading up $4.15 from last year. The stock is down 22 cents at $33.20 a share Friday afternoon.

Health insurer Humana( HUM:NYSE) paid CEO Michael B. McCallister 26% more last year than in 2008, largely because of a $1.8 million performance-related bonus. McCallister has been at the insurance company for approximately 10 years. Humana shares are trading up $14.50 from last year. Friday afternoon Humana's shares were up 11 cents at $49.42.

--Written by Maria Woehr in New York.

LOAD-DATE: August 14, 2010

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