Stephen J. Hemsley
Encyclopedia
Stephen J. Hemsley has been CEO of UnitedHealth Group Inc since 2006. Before joining the company in 1997, he had a career at Arthur Andersen
, where he was Managing Partner and Chief Financial Officer.
He is a graduate of Fordham University
(BA, 1974).
Hemsley serves as a trustee of the University of St. Thomas, Minnesota
, and as a trustee of Minnesota Public Radio
.
Hemsley was more involved in the handling of backdated stock options than previously revealed, according to documents filed in a 2008 shareholder lawsuit in a Minneapolis District Court.
The company's two investigations largely exonerated him from the backdating scandal. However, the SEC continued its investigations even after it in 2008 settled legal actions against both United Health Care itself and its former general counsel.
Business Week reports his annual salary as $1,300,000. Forbes Magazine ranks him at 296th in its 2009 Special Report on CEO Compensation. His compensation was estimated at $3,241,042 by the FierceHealthcare newsletter. According to bizjournals.com the country's highest-paid CEO, Stephen Hemsley, made $101.96 million in 2010. In 2011 he was named the highest paid CEO by Forbes following a large gain in the value of his stock ownership. In late 2011, Hemsley's most recent annual compensation was estimated by Forbes at $48.8 million.
Arthur Andersen
Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms among PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG, providing auditing, tax, and consulting services to large corporations...
, where he was Managing Partner and Chief Financial Officer.
He is a graduate of Fordham University
Fordham University
Fordham University is a private, nonprofit, coeducational research university in the United States, with three campuses in and around New York City. It was founded by the Roman Catholic Diocese of New York in 1841 as St...
(BA, 1974).
Hemsley serves as a trustee of the University of St. Thomas, Minnesota
University of St. Thomas (Minnesota)
The University of St. Thomas is a private, Catholic, liberal arts, and archdiocesan university located in St. Paul and Minneapolis, Minnesota, United States...
, and as a trustee of Minnesota Public Radio
Minnesota Public Radio
Minnesota Public Radio , is the flagship National Public Radio member network for the state of Minnesota. With its three services, News & Information, Classical Music and The Current, MPR operates a 42-station regional radio network in the upper Midwest serving over 8 million people...
.
Hemsley was more involved in the handling of backdated stock options than previously revealed, according to documents filed in a 2008 shareholder lawsuit in a Minneapolis District Court.
The company's two investigations largely exonerated him from the backdating scandal. However, the SEC continued its investigations even after it in 2008 settled legal actions against both United Health Care itself and its former general counsel.
Business Week reports his annual salary as $1,300,000. Forbes Magazine ranks him at 296th in its 2009 Special Report on CEO Compensation. His compensation was estimated at $3,241,042 by the FierceHealthcare newsletter. According to bizjournals.com the country's highest-paid CEO, Stephen Hemsley, made $101.96 million in 2010. In 2011 he was named the highest paid CEO by Forbes following a large gain in the value of his stock ownership. In late 2011, Hemsley's most recent annual compensation was estimated by Forbes at $48.8 million.