By Claire Thayer, May 31, 2016
This week, Blue Shield of California released its first report on executive pay, thanks in part to a state audit that raised questions on the amount of executive pay and large cash reserves, along with mounting public pressure to be more transparent on executive compensation. It pays to meet incentive plan goals - the CEO’s compensation jumped 40% in less than two years in doing so.
The report includes components of the executive compensation program –including base salary and incentives tied to short and long term goals. Compensation paid to their top ten executives is listed, details on the CEO's individual pay package, along with comparison of how their exec pay ranks compared to their peers (Centene, Aetna, United, Anthem, Humana and Kaiser).
For further reading:
Blue Shield ‘Lifts The Veil’ On Executive Pay [Kaiser Health News, May 26, 2016]
Blue Shield reveals executive compensation [BenefitsPro, May 27, 2016]