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Humana’s Executive Compensation Report for 2023 reveals notable figures in top executives’ pay and a shift in rankings compared to the previous year. President and CEO Bruce Broussard received $16.3 million, with CFO Susan Diamond and Chief Legal Officer Joseph Ventura also earning significant sums. Surprisingly, CenterWell President Sanjay Shetty, MD, and Medicare and Medicaid President George Renaudin emerged among the top earners despite not being in the top five previously. The CEO-to-employee pay ratio was reported as 192:1, reflecting a dynamic compensation landscape within the company.
Humana’s annual proxy report for 2023 provides insights into the compensation structures of its top executives, shedding light on trends and shifts from the previous year. The report highlights President and CEO Bruce Broussard’s substantial earnings, alongside key executives like CFO Susan Diamond and Chief Legal Officer Joseph Ventura. Notably, the emergence of CenterWell President Sanjay Shetty, MD, and Medicare and Medicaid President George Renaudin among the top earners signals changes in the company’s leadership compensation dynamics. Understanding these figures is crucial for stakeholders to gauge Humana’s executive pay practices and their alignment with organizational goals.
It’s noteworthy that two executives who ranked among the top five earners in 2023, CenterWell President Sanjay Shetty, MD, and Medicare and Medicaid President George Renaudin, were not part of Humana’s top earners in the previous year.
According to regulatory filings, the CEO-to-employee pay ratio for Humana stood at 192:1 in 2023. This ratio considers various components of compensation including base salary, stock awards, option awards, nonequity incentive plan compensation, and other forms of compensation.
Here’s a breakdown of the compensation for Humana’s top executives in 2023:
1. President and CEO Bruce Broussard
– Salary: $1,469,893
– Stock awards: $10,898,833
– Option awards: $3,492,874
– Other compensation: $465,784
– Total: $16,327,384
2. CFO Susan Diamond
– Salary: $790,000
– Stock awards: $2,802,776
– Option awards: $898,145
– Other compensation: $239,812
– Total: $4,730,733
3. CenterWell President Sanjay Shetty, MD
– Salary: $493,269
– Bonus: $1,400,000
– Stock awards: $1,401,072
– Option awards: $449,844
– Other compensation: $837,756
– Total: $4,581,941
4. Chief Legal Officer Joseph Ventura
– Salary: $678,000
– Stock awards: $1,712,892
– Option awards: $548,910
– Other compensation: $162,359
– Total: $3,102,161
5. Medicare and Medicaid President George Renaudin
– Salary: $655,000
– Stock awards: $1,712,892
– Option awards: $548,910
– Other compensation: $135,676
– Total: $3,052,478
Humana’s Executive Compensation Report for 2023 unveils intriguing patterns in the remuneration of its top leadership. While President and CEO Bruce Broussard remains a top earner, the inclusion of new faces like Sanjay Shetty, MD, and George Renaudin among the highest-paid executives underscores evolving dynamics within the company. Additionally, the CEO-to-employee pay ratio of 192:1 draws attention to the broader context of compensation fairness and corporate governance. This report serves as a valuable tool for stakeholders to evaluate Humana’s executive pay practices and their implications for organizational performance and accountability.