Sundar PichaiSundar Pichai earned $164M in 2023
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Stephen J. Hemsley

Ex-CEO of UnitedHealth Group

Education

B.A. from the University of Minnesota

Field of Expertise

Business & Management - Business Management

Born

July 6, 1951 - 73 years ago

Economy Sector

Healthcare

Tenure

10 years 9 months (Dec 2006 - Sep 2017)

Previous Experience

Chief Financial Officer at UnitedHealth Group

Stephen J. Hemsley has been a key figure at UnitedHealth Group for over 22 years, serving as the CEO for ten of those years. Under his leadership, the company became one of the largest health services firms, impacting millions of...

Year

2017

Total Compensation

$26.29M

Salary

$1.21M

Board Justification

The compensation philosophy is designed to attract and retain highly qualified executives while linking compensation directly to the achievement of enterprise-wide goals, emphasizing teamwork and collaboration.

Bonus

$5.00M

Board Justification

The actual annual cash incentive award paid to Mr. Hemsley for 2017 was $5,000,000, which represented 192% of his target award value of $2,600,000.

Other

$230.85K

Board Justification

Other compensation includes company matching contributions under the 401(k) savings plan and other benefits.

Restricted Stock

$19.85M(104.74K RSU)

Board Justification

The number of shares acquired upon vesting of restricted stock units (RSUs) granted in prior years, which vested in 2017.

Performance Metrics

The performance metrics for determining the compensation included revenue, operating income, cash flows from operations, and non-financial measures such as employee engagement and teamwork.