{"id":14063,"date":"2025-03-18T14:34:32","date_gmt":"2025-03-18T14:34:32","guid":{"rendered":"https:\/\/distilinfo.com\/healthplan\/?p=14063"},"modified":"2025-03-18T14:34:32","modified_gmt":"2025-03-18T14:34:32","slug":"cigna-executives-secure-major","status":"publish","type":"post","link":"https:\/\/distilinfo.com\/healthplan\/cigna-executives-secure-major\/","title":{"rendered":"Cigna Executives Secure Major Pay Increases"},"content":{"rendered":"
Cigna Group recently unveiled its annual proxy report, revealing substantial compensation increases for its top executives. The report, published on March 14, shows that CEO David Cordani received a significant pay bump, earning $23.25 million in total compensation\u2014approximately $2 million more than his 2023 earnings of $21 million.<\/p>\n
The healthcare giant has undergone notable leadership changes while boosting executive pay. Eric Palmer and Brian Evanko, who headed the company’s health services and insurance divisions respectively, both saw their compensation rise in 2024 compared to the previous year.<\/p>\n
However, the executive landscape is shifting, with Palmer departing from the organization. Meanwhile, Evanko is being promoted to Chief Operating Officer, where he will take charge of both of Cigna’s primary business divisions.<\/p>\n
The proxy report also detailed compensation for other key executives at Cigna Group:<\/p>\n
A closer analysis of the compensation structure reveals that equity-based pay\u2014consisting of stock and option awards\u2014represents the largest portion of executive compensation packages at Cigna. This approach aligns executive interests with shareholder value, a common practice among large healthcare corporations.<\/p>\n
These significant compensation packages reflect the competitive nature of executive recruitment and retention in the healthcare industry. As Cigna continues to position itself in the evolving healthcare landscape, these compensation decisions signal the board’s confidence in its leadership team to drive future growth and profitability.<\/p>\n
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