Perhaps, just perhaps better management would allow them to make money. Isn't $66 million in one year for the CEO a bit obscene?
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ACA: And the walls came crashing down?!
- Thread starter righteousdude2
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Perhaps, just perhaps better management would allow them to make money. Isn't $66 million in one year for the CEO a bit obscene?
Sapper Woody
Well-Known Member
It does seem excessive. However, I'd guess the majority of that money is in incentives and performance bonuses, not salary. If the board of directors approve a payment plan with performance goals and the CEO meets the goals, who are we to object? It's literally not our business.
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You're wasting your time. CTB is not interested in the truth.
That isn't within the guidelines of a liberal, communist leaning philosophy. Just too capitalistic.
Yes, the CEO is taking a huge amount of money away from others as well, now, as taking health care insurance from who knows how many.
Here is Hensley's 2015 compensation.
Total: $20 million
Salary: $1.35 million
Incentive pay (not from stock): $3.62 million
Value realized from vesting shares: $14.9 million
In 2015 he didn’t exercise any stock options, and as a result his total realized pay for 2015 was down 70 percent, or $46 million, from the year before. It was the first time since 2007 that he didn’t exercise any options.
http://m.startribune.com/ceo-pay-wa...1-million-in-2015/376792271/?section=business
So he took a $46M pay cut. Happy now?
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2014 package for Hemsley:
CEO Pay Watch UnitedHealth Group Inc.
Stephen Hemsley, CEO
Total compensation: $66,125,208 for the year ended Dec. 31, 2014
Salary: $1,300,000
Non-equity incentive pay: $3,949,000
Other compensation: $107,479
Exercised stock options: $45,569,049
Value realized on vesting shares: $15,199,680
New stock options: 83,918
So, 66 million in 2014 and 46 million in 2015 .... $112 million in two years. How many people could have kept insurance on that amount. How much does one person need before his package becomes obscene? How many employees could have received generous salary increases?
Poor Hemsley, had to scratch by on only 46 million in 2015. Cry
CEO Pay Watch UnitedHealth Group Inc.
Stephen Hemsley, CEO
Total compensation: $66,125,208 for the year ended Dec. 31, 2014
Salary: $1,300,000
Non-equity incentive pay: $3,949,000
Other compensation: $107,479
Exercised stock options: $45,569,049
Value realized on vesting shares: $15,199,680
New stock options: 83,918
So, 66 million in 2014 and 46 million in 2015 .... $112 million in two years. How many people could have kept insurance on that amount. How much does one person need before his package becomes obscene? How many employees could have received generous salary increases?
Poor Hemsley, had to scratch by on only 46 million in 2015. Cry
Can you read? You say you read 50+ books a year.
Hemsley's compensation was $20M in 2015, NOT $46M.
Go back and actually read my post. Then click on the link I provided and read the article. It was in today's Minneapolis Star Tribune. United Health Care is based in Minneapolis.
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20 million ... 40 million, I am certainly not going to worry about his going hungry. Even 20 million is obscene IMHO.
Did you know he raked in over 95 million in 2009?
Do you remember what the state of the economy was at that time?
Hmm, do you remember Bush's recession at all?
Oh, and thanks for showing such politeness in your reply.
Crabtownboy said:
No. But I know his predecessor made $114M one year.
Yes. Did UHC make money in 2009? Did the CEO meet his incentives?
Have been polite to you the first 9,734 times this sort of error has been pointed out. Apparently it's not affecting you so I figure I'd try being rude and see if that works. You really need to read and vet the stuff you post.
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Has it been established if that 66 mil was gross receipts, profit, net profit, ect?
Stephen Hemsley, CEO
Total compensation: $66,125,208 for the year ended Dec. 31, 2014
Salary: $1,300,000
Non-equity incentive pay: $3,949,000
Other compensation: $107,479
Exercised stock options: $45,569,049
Value realized on vesting shares: $15,199,680
New stock options: 83,918
Their net income in 2015 was $5.8 billion on revenues of $157 billion.
That is up from $5.6B on revenues of $130B in 2014.
So, IDK, if the company increases revenues by $27 billion over the previous year, the CEO might be entitled to a raise.
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So how do you propose getting poor people health insurance with stock options?
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Now there's a thought: all participants in an insurance company should be shareholders?
How long do you think we'll have insurance companies if that went into effect?
That type of insurance company is called a mutual insurance company. Think Mutual of Omaha, New York Life, State Farm, USAA, ect. All companies of good size and with a long history.
You do understand what a stock option is, and that any increase of capital net has nothing to do with compensation, right?
When I worked for Edison their capital investment increased by over $5 billion. My stock (purchased using management stock options) increased from being worth $15,000 to being worth over $50,000. The rate payers did not pay one dime of that capital gain. That all came out of the pockets of stock holders and investors.
We need a [Edit] crazy icon.
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