UnitedHealth Group CEO’s Pay Down 28 Percent Last Year To $34.7 Million

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UnitedHealth Group CEO Stephen J. Hemsley had a 28 percent decline in compensation last year compared with 2011, according to documents filed Wednesday with the U.S. Securities and Exchange Commission.

Hemsley’s pay package was $34.7 million last year, not including $7 million in stock awards that will provide value in the future. His compensation includes a $1.3 million salary, $12.49 million in value realized on exercising options, $15.3 million in value realized on stocks vesting, $5.3 million in non-equity incentive pay and $287,443 in “other compensation.”

In 2011, Hemsley’s compensation was $48 million, not including $7 million in stock awards that provide value in the future.

UnitedHealth Group, based in Minnetonka, Minn., employs about 4,200 people in Connecticut, including at its subsidiaries Optum and UnitedHealthcare.

Chief Financial Officer David S. Wichmann was compensated $38.15 million last year, not including $4.5 million in stock awards that will provide value in the future.

UnitedHealthcare CEO Gail K. Boudreaux had a pay package worth $20.7 million last year, not including $4.5 million in stock awards that will provide value in the future.

Optum CEO Larry C. Renfro’s compensation last year was $15.15 million, not including $4.5 million in stock awards that will provide value in the future.

UnitedHealth Group’s executive vice president of human capital, Lori Sweere, was compensated $9.68 million, not including $2 million in stock awards that will provide value in the future.

UnitedHealth Group’s executive vice president, Anthony Welters, had a pay package worth $19.49 million last year, not including $4 million in stock 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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2 thoughts on “UnitedHealth Group CEO’s Pay Down 28 Percent Last Year To $34.7 Million

  1. Ocean Pellett

    These salaries etc are obscene in my book. People are loosing houses to pay medical bills and these folks are living in castles. Something is wrong with this picture.

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