As You Sow has issued the report on “overpaid” CEOs among the S&P 500 for each year since 2015. The nonprofit analyzes CEO pay compared to total shareholder return to calculate excess pay; ranks the percentage of shares that voted against the CEO pay package in the year prior to June 30, 2022; and identifies the ratio of CEO pay to that of the median employee.
Here’s what you need to know about the “overpaid” CEOs of Centene and Cigna:
Michael Neidorff (Centene)
Pay: $20.63 million
CEO-to-worker pay ratio: 290:1
Shareholder votes against CEO pay: 60 percent
Excess pay: $5.73 million
Rank on As You Sow’s top 100: No. 42
*Mr. Neidorff announced plans to retire in 2022 and died in April 2022 at age 79. Sarah London was named CEO of Centene in March 2022.
David Cordani (Cigna)
Pay: $19.87 million
CEO-to-worker pay ratio: 297:1
Shareholder votes against CEO pay: 15 percent
Excess pay: $5.34 million
Rank on As You Sow’s top 100: No. 64
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.