Cigna gives CEO 25% compensation hike in 2011
Cigna Corp. CEO David M. Cordani's total compensation climbed 25 percent last year, as the nation's fourth-largest health insurer launched a $3.8 billion acquisition, and its stock outperformed the broader market. Cordani, 46, received compensation valued at $18.9 million last year from the Bloomfield, CT, company, according to an Associated Press analysis of a regulatory filing Monday. That included the same salary Cordani received in 2010—$1 million—and a performance-related bonus that climbed 27 percent to $9.3 million. Insurers have said executive compensation makes up a small part of their total expenses, and the biggest driver behind the growing premiums for their coverage is the spiraling cost of health care.
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- FDA hopes hospitals will switch to newly regulated pharmacies
- The 5 Biggest Healthcare Finance Trouble Spots
- Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
- The Most Polarizing Topics in Healthcare IT
- Nonprofit Hospital Outlook 'Negative' in 2014
- How CPOE Will Make Healthcare Smarter
- Why You Should Involve Patients in Nursing Handoffs
- Are ACOs Really Different from HMOs?
- Safety Net Executives Renew Call to Preserve DSH Payments