CEOs of the nation's leading publicly traded managed care companies received an average annual salary of $1.1 million in 2003.
Salary
Bonus
Long-term payout
Value realized on stock options
Other income
Total
John Rowe, MD (Aetna)
$1,042,146
$2,200,000
$7,000,000
$7,589,430
$396,077
$18,227,653
Larry C. Glasscock (Anthem)
$1,040,000
$2,311,845
$21,243,000
$0
$374,874
$24,969,719
H. Edward Hanway (CIGNA)
$1,030,000
$2,100,000
$0
$0
$84,600
$3,214,600
Jay M. Gellert (Health Net)
$891,731
$0
$0
$10,068,377
$76,506
$11,036,614
Michael B. McCallister (Humana)
$713,923
$1,070,885
$0
$344,063
$3,979,569
$6,108,440
William W. McGuire, MD (UnitedHealth)
$1,999,154
$5,550,000
$1,897,000
$84,176,032
$558,345
$94,180,531
Howard G. Phanstiel (PacifiCare)
$917,309
$1,690,000
$0
$0
$398,472
$3,005,781
Leonard D. Schaeffer (WellPoint)
$1,246,155
$5,690,916
$0
$14,480,737
$347,724
$21,765,532
Annual cash bonuses brought CEO pay average up to $3.5 million. Throw in value realized from stock options, payouts based on long-term incentives, and other income, and the average leaps to $22.6 million.
Note: Does not include stock options awarded in 2003, but not cashed in.
Source: Company Securities and exchange commission filings
The doctors are in the house
The AMA's House of Delegates is holding its Interim Meeting Nov. 7-10 in Houston, addressing issues such as health system reform and physician payment.
AMA House - Slideshow - Updates
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