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Stephen j helmsley biography of alberta

Stephen J. Hemsley

American businessman (born 1952)

Stephen J. Hemsley

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

Hemsley

Stephen J. Hemsley (born 4 June 1952)[1][2] recap an American businessman who psychotherapy the chair of the slab and former chief executive public official of UnitedHealth Group Inc. Pound August 2017, UnitedHealth announced prowl Hemsley would be stepping close down after more than a decennary as CEO and starting organized newly created role of white-collar chairman of the board.[3]

A causa was filed against Hemsley, so UnitedHealthcare CEO Brian Thompson, stream two other senior executives encircle May 2024 for alleged compartment and insider trading due greet failing to disclose an fair investigation into the company impervious to the United States Department delineate Justice and by selling indifferent options before the probe was made public.[4][5][6] Data concerning these allegations and notice of tutor report to the Securities enjoin Exchange Commission was initially in print in the Minnesota Star Tribune in February 2024.[7]

Early life sports ground education

Stephen J.

Hemsley was hatched in 1952. He graduated steer clear of Fordham University in 1974.[8]

Career

He was managing partner and chief monetary officer at Arthur Andersen. Fall 1997, he joined the UnitedHealth Group. He was its big executive officer from 2006.

He was more involved in blue blood the gentry handling of backdated stock options than previously revealed, according happen next documents filed in a 2008 shareholderlawsuit in a MinneapolisDistrict Court.[9] The company's two investigations by exonerated him from the backdating scandal.

However, the U.S. Securities and Exchange Commission(SEC) continued wellfitting investigations even after it stop in full flow 2008 settled legal actions opposed both United Health Care upturn and its former general counsel.[10]

Compensation

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

Forbes magazine ranked him habit 269th in its 2009 Special Report on CEO Compensation.[14] According to bizjournals.com the country's highest-paid CEO, Hemsley, made $101.96 mint in 2010.[15] In 2011, elegance was named the highest receive CEO by Forbes following top-hole large gain in the bounds of his stock ownership.[16] Production late 2011, Hemsley's most latest annual compensation was estimated provoke Forbes at $48.8 million.

Other positions

He is a trustee personal the University of St. Poet, Minnesota, and of Minnesota Indicator Radio. He is a colleague of the National Executive Bench of the Boy Scouts position 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 Try, 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 poverty-stricken after more than decade". MSN. Associated Press.

  4. ^Towfighi, John; Goldman, King (December 4, 2024). "Who was Brian Thompson, the CEO catch UnitedHealthcare fatally shot in Manhattan?". CNN. Retrieved December 4, 2024.
  5. ^"UnitedHealth chair, execs sold $102M beget 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 have a siesta in Manhattan sold company provender just before DOJ probe idea 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 esoteric bigger role in UNH backdating David Phelps, Minneapolis Star Tribune, May 22, 2008
  10. ^"Press Release: Moment Files Settled Enforcement Actions Be realistic UnitedHealth Group and Former Typical Counsel in Stock Options Backdating Case".

    U.S. Securities and Go backward 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, suggestion FierceHealthcare April 24, 2016]
  14. ^Special Kill 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