UnitedHealth to Give Hemsley $60 Million Award in Return as CEO

UnitedHealth Group Inc. is giving Stephen Hemsley a one-time $60 million equity award on top of a $1 million base salary as he begins his second round as chief executive officer of the beleaguered insurer.

Hemsley, the company’s board chair and former CEO, will also get additional personal security benefits following the December murder of UnitedHealth’s top insurance executive, according to a Wednesday filing.

UnitedHealth on Tuesday unexpectedly replaced CEO Andrew Witty, who resigned “for personal reasons.” Witty notified the company of his decision to step down on May 12, the company said, noting that he will continue ...