Magellan Health’s René Lerer Receives $4.3 Million In Last Year As CEO

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In his last year as CEO of Magellan Health Services Inc., René Lerer was compensated 32 percent less last year than in 2011, according to documents filed Wednesday with the U.S. Securities and Exchange Commission.

Lerer was compensated $4.3 million last year, not including stock and $3.57 million in stock-and-option awards that provide value in the future and depend on the company’s performance. His pay package includes $1.18 million in value from options exercised and stocks vested, $995,819 in salary, $1.9 million in non-equity incentive pay and $188,021 in “other compensation.”

In 2011, Lerer was compensated $6.3 million, not including $3.9 million in stock-and-option awards that would provide value in the future.

Lerer stepped down as CEO at the end of last year, but he remains executive chairman of the Avon-based specialty health care management company, which specializes in behavioral health, radiology and specialty pharmaceutical benefits.

Karen S. Rohan, who left her position as president of Magellan Health Services Inc. in June 2012 and became Aetna’s executive vice president of specialty products, was compensated $1.2 million, not including $1.4 million in stock-and-option awards.

Rohan’s compensation at Magellan is separate from her pay at Aetna, where she was compensated $693,661 last year, not including $3.68 million in stock awards that provide value in the future and depend on the company’s performance.

Magellan’s Chief Financial Officer Jonathan N. Rubin was compensated $1.35 million, not including $1.05 million in stock-and-option awards that provide value in the future and depend on the company’s performance.

General Counsel Daniel N. Gregoire was compensated $954,497 last year, not including $635,808 in stock-and-option awards that provide value in the future and depend on the company’s performance.

Tina Blasi, CEO of Magellan’s National Imaging Associates Inc., was compensated $1.45 million, not including $774,209 in stock-and-option awards that provide value in the future and depend on the company’s performance.

Chief Human Resources Officer Caskie Lewis-Cooper was compensated $1.7 million, not including $517,365 in stock-and-option awards that provide value in the future and depend on the company’s performance.

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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