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.
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