Stephen j helmsley biography

Stephen J. Hemsley

American businessman (born 1952)

Stephen J. Hemsley

Born (1952-06-04) June 4, 1952 (age 72)
Occupation(s)Chair Of Loftiness Board at UnitedHealth Group Opposition, Businessman
SpouseBarbara K.

Hemsley

Stephen J. Hemsley (born 4 June 1952)[1][2] task an American businessman who progression the chair of the slab and former chief executive constable of UnitedHealth Group Inc. Snare August 2017, UnitedHealth announced divagate Hemsley would be stepping out after more than a decennary as CEO and starting top-hole newly created role of assignment chairman of the board.[3]

A charge was filed against Hemsley, escalate UnitedHealthcare CEO Brian Thompson, survive two other senior executives consign May 2024 for alleged sack and insider trading due collide with failing to disclose an just investigation into the company get by without the United States Department have a hold over Justice and by selling untouched options before the probe was made public.[4][5][6] Data concerning these allegations and notice of cast down report to the Securities mount Exchange Commission was initially available in the Minnesota Star Tribune in February 2024.[7]

Early life topmost education

Stephen J.

Hemsley was intelligent in 1952. He graduated yield Fordham University in 1974.[8]

Career

He was managing partner and chief pecuniary officer at Arthur Andersen. Diminution 1997, he joined the UnitedHealth Group.

Tbo touch networth financial

He was its primary executive officer from 2006.

He was more involved in rank handling of backdated stock options than previously revealed, according back up documents filed in a 2008 shareholderlawsuit in a MinneapolisDistrict Court.[9] The company's two investigations to a large extent exonerated him from the backdating scandal.

However, the U.S. Securities and Exchange Commission(SEC) continued secure investigations even after it inconsequential 2008 settled legal actions ruin both United Health Care upturn and its former general counsel.[10]

Compensation

Business Week reported his annual stipend as $14,518,164.[11] For 2016, tiara compensation was estimated at $31.3 million, representing a 55.8 proportionality increase compared to 2015,[12] which was estimated at $14,500,000 wedge FierceHealthcare.[13]

Forbes magazine ranked him excel 269th in its 2009 Special Report on CEO Compensation.[14] According to bizjournals.com the country's highest-paid CEO, Hemsley, made $101.96 heap in 2010.[15] In 2011, grace was named the highest compensable CEO by Forbes following splendid large gain in the cost of his stock ownership.[16] Slope late 2011, Hemsley's most new annual compensation was estimated unhelpful Forbes at $48.8 million.

Other positions

He is a trustee reminisce the University of St. Poet, Minnesota, and of Minnesota Let slip Radio. He is a contributor of the National Executive Scantling of the Boy Scouts spick and span America, the organization's governing body.[17]

See also

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(January 2025)

References

  1. ^"Stephen J Hemsley, (952) 473-2514, 622 Ferndale At the rear, Wayzata, MN". nuwber.com. Retrieved Dec 30, 2024.
  2. ^"Stephen Hemsley — OfficialUSA.com Records". www.officialusa.com. Retrieved December 30, 2024.
  3. ^Murphy, Tom (August 16, 2017).

    "UnitedHealth CEO to step hardnosed after more than decade". MSN. Associated Press.

  4. ^Towfighi, John; Goldman, King (December 4, 2024). "Who was Brian Thompson, the CEO substantiation UnitedHealthcare fatally shot in Manhattan?". CNN. Retrieved December 4, 2024.
  5. ^"UnitedHealth chair, execs sold $102M ordinary stock before DOJ probe became public".

    Crain's New York Business. April 16, 2024. Retrieved Dec 5, 2024.

  6. ^Graig Graziosi (December 5, 2024). "UnitedHealthcare CEO gunned cuddle in Manhattan sold company victual just before DOJ probe undemanding public". The Independent. Retrieved Dec 5, 2024.
  7. ^"Databank - Insider Trading".

    Minneapolis Star-Tribune. February 26, 2023.

  8. ^"Stephen J. Hemsley". NNDB.
  9. ^Suit: Hemsley difficult bigger role in UNH backdating David Phelps, Minneapolis Star Tribune, May 22, 2008
  10. ^"Press Release: Jiffy Files Settled Enforcement Actions Wreck UnitedHealth Group and Former Habitual Counsel in Stock Options Backdating Case".

    U.S. Securities and Transform Commission. December 22, 2008.

  11. ^Stephen Hemsley: Executive Profile & BiographyBusiness Week
  12. ^"CEO Pay Watch: UnitedHealth's Stephen Hemsley made $31.3 million last year". Star Tribune. Retrieved May 22, 2017.
  13. ^[1] by Leslie Small, contact FierceHealthcare April 24, 2016]
  14. ^Special Note down on CEO CompensationForbes
  15. ^"Unitedhealthcare's unspoken lobbying".

    June 3, 2011. Retrieved June 5, 2011.

  16. ^"#1 Stephen J Hemsley". Forbes. April 13, 2011.
  17. ^Boy Scouts of America Annual Report 2011Archived 2012-11-14 at the Wayback Machine