WellPoint - Angela Braly, John Cannon
By Dina Overland
Angela Braly and John Cannon - WellPoint
Total Revenue: $61.7 billion
Total Compensation: $20.5 million (Braly) and $6.4 million (Cannon)
Details: Angela Braly held the positions of chair of the board, president and CEO of WellPoint until she resigned in August 2012. Despite criticism from shareholders and analysts for her management of WellPoint that ultimately led to her forced resignation, Braly still received a 55 percent raise to earn a total of $20.6 million in 2012. John Cannon, WellPoint's general counsel, took over as interim president and CEO while the second largest insurer searched for a permanent replacement it found in Joseph Swedish, who took the helm in March.
Compensation: Braly's base salary was only $1.18 million, but she was given $8 million in stock awards, almost $10 million in option awards and about $1.4 million in non-equity incentives to total $20 million for barely more than six months of work as the chief executive. When Cannon took over as CEO, he earned a base salary of $744,000 plus a $500,000 bonus (no other WellPoint executive received a bonus in 2012). He also received $4.1 million in stock awards, $400,000 in option awards, more than $640,000 in non-equity incentives and $85,500 in other compensation. All told, WellPoint paid Cannon $6.4 million for leading the company.
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