The Star Tribune reports that UnitedHealth told the Securities & Exchange Commission it had created a panel to review how stock options are awarded to its top executives.
The paper lists some of the details of the SEC filing:
"William McGuire, Chairman and CEO
Total compensation: $10,697,442 for the year ended Dec. 31.
Salary: $2,200,000
Bonus: $5,808,000
Other compensation: $692,442
Long-term incentive pay: $1,997,000
Exercised stock options: $0
New stock options: 1,700,000
Had he retired on Dec. 31, his supplemental annual retirement benefit would be about $5,092,000 and his lump-sum payout would be $6,442,000.
Also disclosed in the proxy was the compensation of former Northwest Airlines CEO Richard Anderson, who joined UnitedHealth on Nov. 1, 2004. Anderson got a salary and bonus in 2005 of $1.2 million, plus 165,000 new stock options."
Posted by schwitz at April 10, 2006 07:36 AM | TrackBack