New WellPoint CEO Swedish Took Home $17 Million in 2013, AIS Newsletter Finds

Based on data gathered from Securities and Exchange Commission, The AIS Report on Blue Cross and Blue Shield Plans* finds WellPoint, Inc. CEO Joseph Swedish received nearly $17 million in salary and other perks during his nine months at the helm in 2013.

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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.

About The AIS Report on Blue Cross and Blue Shield Plans
The AIS Report on Blue Cross and Blue Shield Plans delivers timely news and insightful analysis of new products, market share, strategies, conversions, financing, profitability and strategic alliances of Blue Cross and Blue Shield plans, which are major players in every U.S. health insurance market. The 12-page monthly newsletter is must-reading for plan managers and others who consider BCBS plans to be partners or competitors. Visit http://aishealth.com/marketplace/ais-report-blue-cross-and-blue-shield-plans for more information.

*A thoroughly objective publication, The AIS Report on Blue Cross and Blue Shield Plans is published independently by AIS and is not affiliated with or sponsored, endorsed or approved by the Blue Cross and Blue Shield Association or any of the independent Blue Cross and Blue Shield companies.

About Atlantic Information Services
Atlantic Information Services, Inc. (AIS) is a publishing and information company that has been serving the health care industry for more than 25 years. It develops highly targeted news, data and strategic information for managers in hospitals, health plans, medical group practices, pharmaceutical companies and other health care organizations. AIS products include print and electronic newsletters, websites, looseleafs, books, strategic reports, databases, webinars and conferences. Learn more at http://www.AISHealth.com.


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