The outgoing chairman of the nation’s third-biggest health insurer exercised stock options worth more than $50.3 million and pulled in $18.4 million in pay, stock and other compensation, according to the company’s 2011 proxy filing.
Williams’ $68.7 million payout ranks among the highest of any 2010 compensation package. Of the proxies filed so far, Viacom’s Philippe Dauman ranks No. 1, receiving nearly $84.5 million in compensation, while Occidental Petroleum’s Ray Irani was No. 2, with a compensation package valued at $76.1 million.
Note EU-Digest: there is something totally wrong with our society when there are people who have to live on one euro a day or less, while Mr. Williams gets $68.7 million for his services. Maybe it is good for corporations like AETNA to remember what Aristotle wrote: "revolutions arise from inequalities, numerical or qualitative--from a numerical mass claiming an equality denied them, or from a minority claiming a superiority denied them".
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