Loss of special perks chops Anthem CEO’s compensation to $13.5M
The Indianapolis-based health insurer raised pay for its executives, including CEO Joe Swedish, at a much slower pace than the 38-percent return it generated for shareholders last year.
Executive pay
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Pay dips, but pension values soar for Lilly’s top execs
The top five executives at Eli Lilly and Co. took home 5 percent to 10 percent less in cash, stock and perks last year than the year before, according to a Monday securities filing.
Fishers council set to vote on first mayor’s salary
Fishers’ first mayor will be paid more than the chief executives of nearby suburban cities if the Town Council approves a 2015 salary ordinance set to be introduced Monday.
CEO pay at public companies crosses $10M mark
Propelled by a soaring stock market, the median pay package for a chief executive of a typical large public company rose above eight figures for the first time last year, an increase of 8.8 percent from 2012.
Executive pay continues on upswing
The median senior executive collected $923,705 in salary, stock or stock options, incentive pay and perks in 2013, IBJ found in a review of proxy statements at 64 companies.The median compensation rose 20 percent from 2012 and doubled since 2006.
Hospitals might limit executives’ pay hikes after run of big increases
Before local hospitals slashed staff and expenses last year, they had been boosting the pay packages of their top executives faster than hospitals around the country. Seven of every 10 senior executives at the major hospital systems in Indianapolis saw their total compensation rise more than 10 percent from 2010 to 2012.
Option grant lifts compensation for Angie’s List’s Oesterle
Stock options accounted for the biggest chunk of the CEO’s compensation. Their value will depend on the company’s future stock performance.
UPDATE: Simon Property wins dismissal of CEO pay suit
Simon Property Group won’t have to face a lawsuit alleging it improperly barred investors from voting on an executive-pay plan that resulted in a $120 million stock award to CEO David Simon. Public documents released Thursday show Simon made about $16 million last year.
Big health care insurers bulk up executive pay
WellPoint CEO Joe Swedish wasn’t the only health insurance exec making big bucks last year. Aetna Inc. Chairman and CEO Mark T. Bertolini saw his total compensation more than double, to top $30 million.
WellPoint CEO lands nearly $17M in first year
Compensation for Joe Swedish included $4.1 million in perks, such as $3.8 million he would have received in his previous job, $79,000 in relocation expenses, and $82,000 for his legal fees from contract negotiations.
Lilly CEO got 10-percent pay boost last year
Lilly CEO John Lechleiter was paid $11.2 million in salary, bonus, stock and perks last year, according to Lilly’s proxy statement filed Monday morning. That represented a 10-percent increase over his take in 2012.
ExactTarget’s current and former CFOs depart firm
Steve Collins and Traci Dolan, who both have served as ExactTarget’s chief financial officer, have departed the recently acquired company.
Simon amends plan for CEO’s controversial $154M bonus
Simon Property Group has tied CEO David Simon’s $154 million retention bonus to the financial performance of the company, but plaintiffs in a related legal action are not satisfied.
SEC targets misleading CEO pay-for-performance
The inconsistent measures that companies use to disclose CEO pay is the newest battleground in executive compensation. As the SEC works on a rule to require pay-for-performance reports, it also plans to end the wide latitude enjoyed by firms when they compute the numbers.
Simon’s board wrongfully denied CEO pay vote, lawyers argue
Simon Property Group directors improperly refused to let shareholders vote on changes to the company’s executive-compensation plan that resulted in a $120 million stock award to CEO David Simon, investors’ lawyers argued Monday in court.
Citizens’ CEO grilled on pay in rate-increase hearing
State utility regulators kicked off a week-long hearing Monday on a proposed water rate increase for Indianapolis residents by putting the CEO of Citizens Energy Group on the hot seat.
Citizens Energy quizzed on exec pay levels
Citizens Energy Group has enjoyed a certain amount of public good will over the last 125 years as a not-for-profit, charitable trust. But rising incentive pay to the trust’s top brass recently has conjured up images of an investor-owned utility—and the scrutiny of regulators.
Firms ladle trips, car allowances on top of rich pay packages
Senior executives at Indiana's public companies last year received, on average, more in perks than the typical Hoosier earned all year, IBJ found after reviewing Securities and Exchange Commission documents for more than 60 Indiana companies.
Ball State president among nation’s highest paid
BSU’s Jo Ann Gora was the fifth-highest-paid public college president in the United States during the 2011-12 academic year, according to a new survey released Monday.
Pence salary of $111K highest for Indiana governor
Mike Pence's annual salary of $111,687 is the highest ever for an Indiana governor, due to a law that boosts the salary of the state’s chief executive at the beginning of every term.