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UnitedHealth Group's Stephen Hemsley - CEO Compensation

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Stephen Hemsley - UnitedHealth Group

Total Compensation: $3,241,042

Details: An $895 million class-action lawsuit over stock-option back dating aside, Hemsley still manages to make the cut for this list at No. 10. The UHG CEO's base salary was $1.3 million in 2008, to go along with a non-equity incentive plan compensation worth just over $1.8 million and "other compensation" amounting to slightly more than $119,000. 

Hemsley's other compensation was a combination of the company matching his contributions under the 401(k) plan and the company matching contributions under his executive savings plan. According to the SEC, "in May 2006, the amount of Hemsley's supplemental retirement benefit was frozen based on his current age and average base salary and converted into a lump sum of $10,703,229." Because of this, "there was no increase in the benefit payable to Mr. Hemsley under his supplemental retirement benefit" in 2008. 

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Comments

...And his name is not even Leona!
The median salaries of CEOs is at least 6 times more than the median earnings of the highest paid neurosurgeon! I think being a CEO of some HMO is harder than brain surgery!

CEO Salaries are so outrageous! Honestly that is what is wrong with most companies, greed and from the highest offices in the companies. I wonder if the patient really comes first in their business.

We have insurance under his co., and NO, the patient does not come first. Or even last. They're an after-thought. They fight whether we should know what my son is deathly allergic to, and whether he should've had life-saving open-heart surgery. They don't want to pay for it. It costs less than what the CEO makes in one hour!

I was curios about how much the CEO of the company I worked for made in 2008 so I decided to google it and boy was i shocked. I am a customer service representative, and sad to say about a few months ago we were all pulled into a room and told that due to economic struggles and the recession we would not be seeing a raise this year in our annual salary. Yet the top end of the company still got to see the greener side, it's amazing how the employees who work hard everyday don't receive the recognition they deserve. WHY? Greed, and this is a prime example. It makes my stomach turn

That's over three million dollars that could have gone towards paying hospital expenses or medical bills for God-knows how many patients. Jobs in the Medicare back offices pay well, but there aren't any of these seven figure bonuses to mediocre executives.
Too bad that the Congress has already rolled over and said "thank you,sir, may I have another" to the likes of Rupert Murdoch and Newt Gingrich.
Too bad, indeed.

I present to you, America's greatest crooks! The real gangsters if you ask me.

CEO Salaries are out of control and I too was told no raise no bonus, but you know I still have a job here, and my direct line of management is great as they trust me to do my job and leave me alone. On the flipside if the Government continues to take more control of private industry the CEO's salaries will be the last thing on our minds as our freedoms are taken away.

I'm appalled at the anger over CEO compensation. This should be directed to the Board of Directors who agree to compensation. As long as stock performs, why not pay the CEO handsomely. It ticks me off when the stock tanks and the CEO still makes millions. For example, Jeff Immelt has earned $75 million over 5 years while GE stock has gone from $59 to $15 - and MSNBC (a GE company) is talking about United Health Care.

$1.7B in executive pay is a waste of resources that could go to making sick people well. Obviously you are in the wrong business.

Sooo he gets millions of dollars and United employees can't even get a raise? Wow...thats totally fair...hey Mr. Hemsley..WHERE'S OUR RAISES?

Hemsley compensation reported here is not believable--way too low, considering the Medicare Supplemental tie-in. The IRS should take a hard look at this.

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