Anthem Parent Company’s Former CEO Compensated $31.7 Million Last Year

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Angela F. Braly, the former CEO of WellPoint Inc., was compensated $31.7 million last year, not including $17.8 million in stock-and-option awards that will provide value in the future, according to documents filed last week with the U.S. Securities and Exchange Commission.

Indianapolis-based WellPoint is the parent company of Anthem Blue Cross and Blue Shield in Connecticut, the largest health insurer in the state by membership.

Braly was chair and CEO of WellPoint Inc. until she stepped down from the top post on Aug. 28, though her employment with the company continued through Dec. 31.

Braly’s pay package last year included $28.96 million in value from options exercised and stocks vested, $1.19 million in salary, $1.37 million in non-equity incentive pay and $179,618 in “other compensation.” This does not include a $26,990 increase to her pension last year.

The interim president and CEO, John Cannon, was compensated $5.97 million last year, not including $4.5 million in stock awards that have a future value and depend on the company’s performance.

The proxy, a document filed annually by every publicly-traded company which explains executives’ pay, only offers details of compensation for WellPoint executives. The compensation of Anthem executives is not provided.

WellPoint’s board of directors selected Joseph Swedish to be the company’s new CEO, and he started work March 25, two weeks ago today.

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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2 thoughts on “Anthem Parent Company’s Former CEO Compensated $31.7 Million Last Year

  1. why me

    Let’s publish the yearly incomes of ALL working people in Connecticut along with those on state aid.

  2. sohbet

    So, we have gotten to the point where making over $94,000 is poor? Just the beginning of socialism, where we all make the same and live the same. neden olabilir mi

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