Washington, DC (PRWEB) April 16, 2014
WellPoint, Inc. CEO Joseph Swedish received nearly $17 million in salary and other perks during his nine months at the helm in 2013, The AIS Report on Blue Cross and Blue Shield Plans finds in its April issue, according to information filed with the Securities and Exchange Commission. Swedish took over as the company’s top executive last March.
Swedish — the former CEO of Michigan-based hospital system Trinity Health — replaced Angela Braly, who left the company in 2012. His salary for the year was $913,461, according a proxy statement filed with the SEC on April 1, and he also was awarded $7.9 million in company stock. Part of his compensation package in 2013 included about $79,000 in relocation expenses and more than $80,000 to cover the legal fees associated with negotiating his contract with WellPoint. The second-highest paid executive, Executive Vice President and Chief Financial Officer Wayne DeVeydt, saw his compensation nearly double from $4.3 million in 2012 to nearly $8 million in 2013.
Visit http://aishealth.com/archive/nblu0414-04 to read the article in its entirety, which also includes a table detailing the compensation arrangements for the five highest-paid WellPoint executives.
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