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Fortune
Fortune
Geoff Colvin

At troubled UnitedHealth Group, a highly unusual pay package—potentially worth $60 million to its boomerang CEO—heads to a June vote

Stephen Hemsley UnitedHealth Group UHG ISS Institutional Shareholder Services
(Credit: AP Photo/File)

Will UnitedHealth Group’s new CEO get the hefty pay package the board wants to give him?

That eight-figure question rises amid UHG’s unprecedented loss of value in the past several weeks. UHG is America’s largest health care company, No. 3 on the Fortune 500, but in April it reported surprisingly terrible first-quarter performance. The stock price plunged, then kept plunging for weeks. CEO Andrew Witty resigned abruptly for unspecified personal reasons, and the board chairman, Stephen Hemsley, took over as CEO.

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