Insurers Aetna, WellPoint bulk up executive pay - 13 WTHR Indianapolis

Insurers Aetna, WellPoint bulk up executive pay

Updated:
INDIANAPOLIS -

Soaring earnings and stock prices fueled a boom year in 2013 for health insurers, and some of the biggest companies shelled out millions of dollars to keep or attract their leaders.

Aetna says in a regulatory filing that Chairman and CEO Mark Bertolini's total compensation more than doubled to top $30 million last year. This was largely driven by a one-time award of restricted stock and options valued at more than $17 million.

WellPoint says it gave new CEO Joseph Swedish $1.5 million in restricted stock for joining the company and about $3.8 million to make up for pay he forfeited leaving his old job. His compensation totaled nearly $17 million.

The AP's compensation calculations count salary, bonuses, perks and stock and options awarded during the year.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow