Outgoing Aetna chairman gets a $68.7 million goodbye

[chicot60]

By Gary Strauss, USA TODAY

Ron Williams had a great final year at Aetna (AET).

The outgoing chairman of the nation’s third-biggest health insurer exercised stock options worth more than $50.3 million and pulled in $18.4 million in pay, stock and other compensation, according to the company’s 2011 proxy filing.

Williams’ $68.7 million payout ranks among the highest of any 2010 compensation package. Of the proxies filed so far, Viacom’s Philippe Dauman ranks No. 1, receiving nearly $84.5 million in compensation, while Occidental Petroleum’s Ray Irani was No. 2, with a compensation package valued at $76.1 million.

Included in his 2010 package; $257,000 for personal use of the corporate jet, $20,000 for financial planning and nearly $16,000 for a company-provided car



http://www.usatoday.com/money/companies/management/2011-04-11-ceo-pay-aetna-williams.htm

[JCO]

Another Obama blander; He gave billions to these Companies so that these CEOs can retire with our hard earned dollars. If you ask Obama, He probably will blame Bush for this!!!!

Politicians have nothing to do with CEO's pay packages.. The Board of directors or the old boys club like I call them are the ones responsible.. Them and the dumb shareholders that let this go on.. And yes some of those options if not most where aquired when GWB was in power but he had nothing to do with it either..
Dont forget that part of the bailouts where negociated before Obama was elected..
With this being said the thread is turning political so lets keep it at CEO's compensation and not bring up politics here..
If it becomes political the thread will be closed and political posts will be deleted..

[The Cobra]

I`ll bet all the women that were denied ongoing benefits AFTER they were diagnosed with breast/lymph node cancer would love to give him a going away present too.

[abouttosnap]

By Gary Strauss, USA TODAY

Ron Williams had a great final year at Aetna (AET).

The outgoing chairman of the nation’s third-biggest health insurer exercised stock options worth more than $50.3 million and pulled in $18.4 million in pay, stock and other compensation, according to the company’s 2011 proxy filing.

Williams’ $68.7 million payout ranks among the highest of any 2010 compensation package. Of the proxies filed so far, Viacom’s Philippe Dauman ranks No. 1, receiving nearly $84.5 million in compensation, while Occidental Petroleum’s Ray Irani was No. 2, with a compensation package valued at $76.1 million.

Included in his 2010 package; $257,000 for personal use of the corporate jet, $20,000 for financial planning and nearly $16,000 for a company-provided car



http://www.usatoday.com/money/companies/management/2011-04-11-ceo-pay-aetna-williams.htm


Well that is one way to keep health care cost down. :2guns: