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Returning Chief Executive Shareholder of the United Nations on Monday, after ordering the $ 60MN salary package to return to the company’s top, with stock trading at the lowest of five years.
After he was named the CEO on May 7, M 60MN award was given to stock options that Stephen Hemsley started paying within three years. The salary “raises significant concern” is awarded in the foreground and is a lack of any performance criteria according to institutional shareholder services, which recommended the United Heloth shareholders to vote against Hemly compensation.
During the meeting, a shareholder asked whether Hemly’s salary was equitable, but United Helth said his compensation was suitable. Investors have approved the salary package, the company said, but the voting details were not immediately available.
Hemsley, 72, previously served United From 2006 to 2017 and monitor strong growth for the agency and its stock. With his return as the chief executive, the United Nations withdrew his income direction at the same time. At the company’s annual meeting on Monday, Hemsley said that United will show new income direction on July 25 for the rest of this year and a view to 2026.
“Obviously we got things wrong,” Hemesle said about the performance of this company this year.
Meanwhile, the Narjes Bank Investment Management, the $ 1.8TN sovereign asset fund of Norway and the eleventh largest shareholder of the United Health, said it voted against Hemly because he now played the role of the CEO and the chair. This year the company’s share price has dropped by 40 percent, making it the worst actress of the Dow Industrials Index.
After being surprised he returned the leadership of the healthcare giant as he returned the leadership of Hemsle to the face of the challenges of the administration just one Former chief Andrew Witti’s resignation And the killing of Senior Executive Brian Thompson on December 4.
Sources close to the company say that Thompson, or “BT” he was known inside the company, he was finally seen as the most likely candidate for accepting as CEO. Outside a hotel in Manhattan, his murder created a legacy problem for the agency.
According to the Morningstar, the United Nations is one of the world’s largest health companies, providing about 1 million people, including about $ 1 million outside the United States until December 2021. It operates a pharmacy business and its health care department was the largest caring in the United States, Morningstar said.
The United States is fighting for the acquisition of $ 1.5 billion to rival home care provider with the US judiciary, while on the other hand there is a matter of investigating the content of another investigation. Medicare Billing of the OrganizationThe United Helth says it is unconscious about a new investigation. At the annual meeting, the company refused to comment on official investigation that it had already revealed what it was needed.
Healthcare investment agency Learink’s analyst Whit Mayo says the company’s income growth relies on its acquisition. “A major element of this [its] Growth was dependent on the inorganic engine, “he said. Now, with the judicial investigation of the United Health,” will they be able to buy at the same speed? “
CFRA analyst Pieg Meyer said the United Health will face the challenge for the next few months. He said the company was still abstaining from the Kovid -1 epidemic, he said. “People gave them care during the epidemic,” and now people have resumed the services, for the United Hyalth “spending is extremely high”.
Additional Report of Andrew Jack in New York
