Issue link: https://beckershealthcare.uberflip.com/i/1365724
77 HEALTHCARE NEWS 21 'overpaid' healthcare CEOs Morgan Haefner T he economic effects from the pandemic may place more pressure on investors to reevaluate the pay packages of CEOs in the future. But for the time being, "we are simply getting wealthier CEOs," according to an annual report from the nonprofit shareholder advocacy group As You Sow. For its report, As You Sow evaluated the most "overpaid" CEOs of S&P 500 compa- nies. e nonprofit used data to compute what CEO pay would be assuming such pay is related to total shareholder return. In its methodology, a ranking of companies by excess CEO pay and by shareholder votes on CEO pay are weighted at 40 percent. e final ranking based on CEO-to-worker pay ratio is weighted at 20 percent. As You Sow notes some CEOs may no longer hold the positions listed below, as the rank- ings were calculated using data made avail- able before June 30, 2020. Here are 21 healthcare CEOs who made As You Sow's list: Larry Merlo (CVS Health) Pay: $36.5 million CEO-to-worker pay ratio: 790:1 Excess pay: $24.3 million Alan Miller (King of Prussia, Pa.-based Uni- versal Health Services) Pay: $24.5 million CEO-to-worker pay ratio: 629:1 Excess pay: $12.4 million Michael Neidorff (Centene) Pay: $26.4 million CEO-to-worker pay ratio: 383:1 Excess pay: $13.3 million Heather Bresch (Mylan) Pay: $18.5 million CEO-to-worker pay ratio: 427:1 Excess pay: $7.5 million John Hammergren (McKesson) Pay: $17.4 million CEO-to-worker pay ratio: 458:1 Excess pay: $5.2 million Samuel Hazen (Nashville, Tenn.-based HCA Healthcare) Pay: $26.8 million CEO-to-worker pay ratio: 478:1 Excess pay: $14.1 million Stefano Pessina (Walgreens Boots Alliance) Pay: $19.2 million CEO-to-worker pay ratio: 562:1 Excess pay: $7.3 million Ari Bousbib (IQVIA) Pay: $22.1 million CEO-to-worker pay ratio: 186:1 Excess pay: $8.7 million Miles White (Abbott Laboratories) Pay: $27.8 million CEO-to-worker pay ratio: 329:1 Excess pay: $14.2 million Javier Rodriguez (DaVita) Pay: $16.9 million CEO-to-worker pay ratio: 286:1 Excess pay: $4.3 million Leonard Schleifer, MD, PhD (Regeneron Pharmaceuticals) Pay: $21.5 million CEO-to-worker pay ratio: 154:1 Excess pay: $8.6 million Daniel O'Day (Gilead Sciences) Pay: $29.1 million CEO-to-worker pay ratio: 169:1 Excess pay: $16.9 million David Cordani (Cigna) Pay: $19.3 million CEO-to-worker pay ratio: 306.7:1 Excess pay: $6.5 million Michael Minogue (Abiomed) Pay: $19.2 million CEO-to-worker pay ratio: 166:1 Excess pay: $4.8 million Joseph Hogan (Align Technology) Pay: $18.3 million CEO-to-worker pay ratio: 1,328:1 Excess pay: $3.5 million Kenneth Frazier (Merck) Pay: $27.6 million CEO-to-worker pay ratio: 289:1 Excess pay: $14.5 million Marc Casper (ermo Fisher Scientific) Pay: $19 million CEO-to-worker pay ratio: 235:1 Excess pay: $5 million Michel Vounatsos (Biogen) Pay: $18.2 million CEO-to-worker pay ratio: 114:1 Excess pay: $6 million Michael Kaufmann (Cardinal Health) Pay: $15.6 million CEO-to-worker pay ratio: 272:1 Excess pay: $3.4 million Vincent Forlenza (Becton, Dickinson and Co.) Pay: $16 million CEO-to-worker pay ratio: 379:1 Excess pay: $2.6 million Omar Ishrak (Medtronic) Pay: $17.8 million CEO-to-worker pay ratio: 240:1 Excess pay: $4.8 million n