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WellPoint hikes CEO's pay package

Los Angeles Times, April 5, 2010

WellPoint Inc. revealed that it boosted its chief executive's compensation 51% last year, even as the health insurance giant prepared massive rate increases in California that embroiled it in a national controversy over skyrocketing health insurance costs, the Los Angeles Times reports. Chief Executive Angela F. Braly saw her total compensation increase to $13.1 million, from $8.7 million a year earlier, according to a filing with the Securities and Exchange Commission. At least three other WellPoint executives got compensation increases of as much as 75%.