Stephen Hemsley who turns 73 in June, will get a base salary of $1 million a year—big money but actually below the usual salary for CEOs of such large companies. More important, he would get a one-time $60 million grant of stock options, with a twist: He would get the payoff only if he remains CEO for three years. He would get no other stock-based awards in that period.
“OK, Hemsley, we know you’re afraid of a fatal dose of high velocity lead poisoning. We all were. But that has passed, so get your ass in gear, suck it up, and get back to denying claims. It’s your fiduciary duty.”