Following the money

What with lawsuits and poor financial performance, 1999 could hardly be termed a good year for HMOs. Despite those setbacks, the some HMO executives seemed to do OK for themselves. Of course, what's not shown here is how executives in other industries fare while in the trough. (Remember all those articles about golden parachutes during the recession of the early 1990s?) Regardless of any such comparison, it's a safe bet that these salaries — if published in a consumer magazine — wouldn't be used to highlight the positive aspects of managed care.

What top executives made in 1999
Company Name/title
Annual salary
Other compensation
Total compensation
Cigna Wilson Taylor, chairman
H. Edward Hanway, president and CEO
Aetna U.S. Healthcare Richard Huber, former chairman, CEO, president
WellPoint Health Networks Leonard Schaeffer, chairman, CEO
PacifiCare Health Systems Alan Hoops, former CEO, president
Trigon Healthcare Norwood Davis, chairman
Thomas Snead, president, CEO
Sierra Health Services Anthony Marlon, chairman, CEO
Foundation Health Systems Jay Gellert, president, CEO
No bonus
Mid-Atlantic Medical Services Thomas Barbera, president, CEO