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.
Hazard pay.
Actually far less hazardous than a Circle K worker. And less beneficial to society. Should get paid the same as them.
I wonder if he’ll be able to collect in three years, or if something unexpected will come up.
I just don’t understand having as much money as I imagine he has and being that old and still wanting to work…or be attached to something requiring any sort of work.
