Allen Wise - Coventry Health Care (NYSE: CVH)
Total 2009 Compensation: $17,427,789
Compensation breakdown:
- Base salary of $584,243
- Signing bonus of $2,750,000
- Stock awards of $4,296,000
- Option awards of $7,225,500
- Non-equity incentive plan compensation worth $2,500,000
- "Other compensation" including company matching contributions for a 401(k) restore plan and company match retirement savings valued at $72,046
The skinny:
Wise, who took over after former CEO Dale Wolf stepped down in January 2009, is the first of two new CEOs to appear on our list. His 2009 compensation package, worth $17.4 million, accounted for a whopping 7 percent of his company's $242.3 million net income, as reported in the company's 2009 annual report.
Stock and option awards alone accounted for 66 percent of Wise's 2009 compensation, while another $5.25 million was given out due to performance and signing bonus plans.