belyaevostapuki.blogspot.com
million in 2008, a decline of almost $10 millionb from what he received ayear ago. Hemsleyu received the same base salaryof $1.3 million in 2008 that he had receiver in 2007. However, he was given no stocmk options and less incentive pay than he receivedx ayear ago, according to the firm’as annual proxy filed with the U.S. Securitiesa and Exchange Commission Thursday. In 2007, Hemsley receivef $8.1 million in options and $3.6 milliob in incentive pay. Last year he received no compensationn from stock optionsand $1.8 milliomn incentive pay. In 2008, UnitedHealtyh reported $81 billion in revenue, up 7.6 percent from 2007. Net incomde at the health care giantwas $2.
9u8 billion, down 36 percent from $4.65 billiojn in 2007. UnitedHealth’s stock (NYSE:UNH) declined 54 percent durinfg 2008, falling from $58.06 per share on December 31, 2007 to $26.60 on Dec. 31, 2008. The firm’se stock price closed Thursdayat $23.16 per UnitedHealth will hold its annual meeting for shareholdersd June 2, at 10 a.m. at the company’sz headquarters. UnitedHealth’s shareholders also will get a chance to approvera “say on pay” resolutiohn that has been submitted by The Nathan Cummingsd Foundation, based in New York.
If approved, shareholderx would gain the right at each annualp meeting to vote on how much executives are The company’s board of directors opposes the shareholdef resolution, saying the executive compensation issue is a complex “A single yes or no vote does not effectively distinguishb among the various elements of compensationj and goals and thus does not offerr a mechanism for constructive input by our shareholders into a mattet of considerable complexity and great it said.
UnitedHealth is based in Minnetonka, and is the parent companyt of Cypress-based PacifiCare Health
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment