Why the CEO of WellCare got a pay raise in 2017

The 2017 pay package for Ken Burdick, CEO of WellCare Health Plans Inc., topped $11.3 million, a 22 percent increase from 2016. Burdick’s compensation increase reflects a year of “outstanding performance” at WellCare (NYSE: WCG), a Tampa-based managed health care provider that focuses on government-sponsored plans such as Medicare and Medicaid. The company’s stock price jumped 46.7 percent in 2017, revenue increase d 19.5 percent to $17 billion, total assets increased 36 percent, and cash…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news