Aetna CEO’s Pay Down Considerably To $8.26 Million Last Year

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Aetna Chairman and CEO Mark T. Bertolini’s compensation last year was less than one-fourth the pay package he received in 2012, according to documents filed Tuesday with the U.S. Securities and Exchange Commission.

Bertolini was compensated $8.26 million last year, down from $36.36 million in 2012.

His 2013 compensation includes $996,169 salary, $1.38 million in non-equity incentive pay, $283,385 in “other compensation,” $4.52 million in value realized on exercising options and $1.08 million in value realized on stock vested. Additionally, Bertolini received stock-and-option awards valued at $28 million when they were distributed last year, which will provide value in the future and depend on the company’s performance.

Joseph M. Zubretsky, the former chief financial officer who is president of Aetna’s National Businesses, received $6.9 million last year, not including stock-and-option awards valued at $5.22 million when they were distributed. The stock-and-option awards will provide value in the future and depend on the company’s performance.

Chief Financial Officer Shawn M. Guertin received $3.33 million, not including stock-and-option awards valued at $2 million that will provide value in the future.

General Counsel William J. Casazza received $5 million, not including stock-and-option awards valued at $2.1 million.

Margaret M. McCarthy, executive vice president of Operations and Technology, received $7.7 million, not including $2.75 million in stock-and-option awards.

Karen S. Rohan, executive vice president of Local and Regional Businesses, received $2.72 million, not including $1.9 million in stock-and-option awards.

Kristi Ann Matus, former executive vice president of Government Services, received $2.95 million, not including $2 million in stock-and-option awards.

About Matthew Sturdevant

Full-time staff journalist at The Hartford Courant and magazine freelancer with a master's degree in writing from Dartmouth. My work has appeared in The Los Angeles Times, The Chicago Tribune, Taiwan News, The Baltimore Sun and many other news sources. My blog has been referenced by Politico.com, the Kaiser Family Foundation, the Georgetown Law Library and a number of organizations in healthcare and business. Sturdevant’s blog is "a well-written wealth of ideas," said The Donald W. Reynolds National Center for Business Journalism, (businessjournalism.org, May 18, 2011). I have experience writing for newspapers, magazines, Web sites and blogs as well as shooting and editing video. I made regular appearances on news-talk radio and on the NBC affiliate station in Corpus Christi, Texas. I made occasional appearances on the Fox affiliate in Connecticut promoting Hartford Courant articles.

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