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
