MANAGED CARE June 2000. ©2000 MediMedia USA
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 | Bonus | Other compensation | Total compensation |
| Cigna | Wilson Taylor, chairman | $1,173,100 | $4,000,000 | $286,987 | $5,460,087 |
| H. Edward Hanway, president and CEO | $711,500 | $2,500,000 | $82,815 | $3,294,315 | |
| Aetna U.S. Healthcare | Richard Huber, former chairman, CEO, president | $1,000,000 | $680,800 | $73,513 | $1,754,313 |
| WellPoint Health Networks | Leonard Schaeffer, chairman, CEO | $999,992 | $2,200,000 | $138,444 | $3,338,436 |
| PacifiCare Health Systems | Alan Hoops, former CEO, president | $920,000 | $1,104,995 | $580,992 | $2,605,987 |
| Trigon Healthcare | Norwood Davis, chairman | $764,000 | $917,280 | $352,651 | $2,033,931 |
| Thomas Snead, president, CEO | $405,940 | $463,777 | $24,528 | $894,245 | |
| Sierra Health Services | Anthony Marlon, chairman, CEO | $654,320 | $327,600 | $99,487 | $1,081,407 |
| Foundation Health Systems | Jay Gellert, president, CEO | $500,000 | No bonus | $68,971 | $568,971 |
| Mid-Atlantic Medical Services | Thomas Barbera, president, CEO | $497,859 | $499,994 | $3,200 | $1,001,053 |
SOURCE: ATLANTIC INFORMATION SERVICES INC., 2000
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