Aetna boss’s $500m takeover payout - News Summed Up

Aetna boss’s $500m takeover payout


Mark Bertolini would receive most of his $500 million payout via shareholdings and options amassed since taking over Aetna ELIJAH NOUVELAGE/REUTERSThe boss of Aetna is in line for a $500 million payday if the health insurer’s takeover by CVS goes through. Mark Bertolini, chief executive of America’s third largest health insurer, would receive most of the payout through shareholdings and options amassed since taking the helm of the company seven years ago. At this price, Mr Bertolini owns Aetna shares worth $190 million. He has rights to $230 million in awards vested as Aetna’s share price has soared. CVS has offered $69 billion for Aetna in a deal that would unite two companies from different parts of the healthcare industry.


Source: The Times December 06, 2017 00:22 UTC



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