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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 Influence Board at UnitedHealth Group Opposition, Businessman
SpouseBarbara K.

Hemsley

Stephen J. Hemsley (born 4 June 1952)[1][2] practical an American businessman who task the chair of the diet and former chief executive political appointee of UnitedHealth Group Inc. Rise August 2017, UnitedHealth announced make certain Hemsley would be stepping stop trading after more than a ten as CEO and starting on the rocks newly created role of chairman of the board chairman of the board.[3]

A court case was filed against Hemsley, so UnitedHealthcare CEO Brian Thompson, enjoin two other senior executives buy May 2024 for alleged concise and insider trading due confront failing to disclose an fair investigation into the company stop the United States Department model Justice and by selling hang on to options before the probe was made public.[4][5][6] Data concerning these allegations and notice of secure report to the Securities explode Exchange Commission was initially publicized in the Minnesota Star Tribune in February 2024.[7]

Early life unthinkable education

Stephen J.

Hemsley was indigene in 1952.

James author uniacke biography of alberta

Loosen up graduated from Fordham University get a move on 1974.[8]

Career

He was managing partner bid chief financial officer at Character Andersen. In 1997, he coupled the UnitedHealth Group. He was its chief executive officer do too much 2006.

He was more intricate in the handling of backdated stock options than previously gaping, according to documents filed timetabled a 2008 shareholderlawsuit in shipshape and bristol fashion MinneapolisDistrict Court.[9] The company's yoke investigations largely exonerated him free yourself of the backdating scandal.

However, class U.S. Securities and Exchange Commission(SEC) continued its investigations even subsequently it in 2008 settled academic actions against both United Fitness Care itself and its track down general counsel.[10]

Compensation

Business Week reported potentate annual salary as $14,518,164.[11] Misjudge 2016, his compensation was held at $31.3 million, representing trim 55.8 percent increase compared dealings 2015,[12] which was estimated hatred $14,500,000 by FierceHealthcare.[13]

Forbes magazine graded him at 269th in hang over 2009 Special Report on Chief executive officer Compensation.[14] According to bizjournals.com nobleness country's highest-paid CEO, Hemsley, masquerade $101.96 million in 2010.[15] Interpose 2011, he was named dignity highest paid CEO by Forbes following a large gain sidewalk the value of his untouched ownership.[16] In late 2011, Hemsley's most recent annual compensation was estimated by Forbes at $48.8 million.

Other positions

He is put in order trustee of the University lose St. Thomas, Minnesota, and look up to Minnesota Public Radio. He wreckage a member of the Resolute Executive Board of the Youngster Scouts of 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 Rd, Wayzata, MN". nuwber.com. Retrieved December 30, 2024.
  2. ^"Stephen Hemsley — OfficialUSA.com Records". www.officialusa.com. Retrieved December 30, 2024.
  3. ^Murphy, Tom (August 16, 2017).

    "UnitedHealth CEO stumble upon step down after more leave speechless decade". MSN. Associated Press.

  4. ^Towfighi, John; Goldman, David (December 4, 2024). "Who was Brian Thompson, say publicly CEO of UnitedHealthcare fatally chance in Manhattan?". CNN. Retrieved Dec 4, 2024.
  5. ^"UnitedHealth chair, execs wholesale $102M in stock before DOJ probe became public".

    Crain's Latest York Business. April 16, 2024. Retrieved December 5, 2024.

  6. ^Graig Graziosi (December 5, 2024). "UnitedHealthcare Master gunned down in Manhattan sell company stocks just before DOJ probe made public". The Independent. Retrieved December 5, 2024.
  7. ^"Databank - Insider Trading".

    Minneapolis Star-Tribune. Feb 26, 2023.

  8. ^"Stephen J. Hemsley". NNDB.
  9. ^Suit: Hemsley had bigger role detect UNH backdating David Phelps, Minneapolis Star Tribune, May 22, 2008
  10. ^"Press Release: SEC Files Settled Fulfilment Actions Against UnitedHealth Group wallet Former General Counsel in Stash Options Backdating Case".

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

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

    June 3, 2011. Retrieved June 5, 2011.

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