Monday, August 24, 2009


How much do health insurance executives make? Take William McGuire, who served as CEO of UnitedHealth Group, one of the larger insurers, for 14 years, from 1992 to 2006.

On 15 October 2006, it was announced that McGuire would step down immediately as chairman and director of United Health, and step down as CEO on 1 December 2006 due to his involvement in the employee stock options scandal. Simultaneously, it was announced that he would be replaced as CEO by Stephen Hemsley, who has served as President and COO and is a member of the board of directors. McGuire's exit compensation from UnitedHealth, expected to be around $1.1 billion, would be the largest golden parachute in the history of corporate America.

Estimates of McGuire's 2005 compensation range from $59,625,444 [9] to $124.8 million[10]....

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