Thread regarding CVS layoffs

CVS Health's 5 highest-paid executives in 2023

See the 2024 Proxy statement for details Pages 48-49 and 79-81

https://s2.q4cdn.com/447711729/files/doc_financials/2023/ar/2024-CVS-Health-Proxy-Statement.pdf

CVS CEO Karen Ly--h was paid $21.6 million in total compensation in 2023, according to a regulatory filing published April 5.

Here is how much the company's top five earners were paid in 2023:

Karen Ly--h, president and CEO
Salary: $1,500,000
Stock awards: $12,374,971
Option awards: $4,124,992
Non-equity incentive plan: $2,992,000
Other compensation: $623,071
Total: $21,615,034

Shawn Guertin, former CFO and president of health services
Salary: $989,583
Stock awards: $7,499,980
Option awards: $2,499,999
Non-equity incentive plan: $1,439,000
Other compensation: $65,572
Total: $12,494,134

Samrat Khichi, chief policy officer and general counsel
Salary: $753,409
Bonus: $2,000,000
Stock awards: $7,374,948
Option awards: $1,124,996
Non-equity incentive plan: $626,000
Other compensation: $7,150
Total: $11,886,503

Tilak Mandadi, chief data, digital and technology officer
Salary: $1,000,000
Stock awards: $4,874,990
Option awards: $1,624,993
Non-equity incentive plan: $1,246,000
Other compensation: $135,862
Total: $8,881,845

Prem Shah, chief pharmacy officer and president of pharmacy and consumer wellness
Salary: $950,000
Stock awards: $4,499,937
Option awards: 1,499,989
Non-equity incentive plan: $1,421,000
Other compensation: $211,440
Total: $8,582,366

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Post ID: @OP+1rYPe0xf

8 replies (most recent on top)

Absolutely disgusting!

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Post ID: @fomf+1rYPe0xf

See how bull Shawn got anything. He was on leave since the fall, they announced he wasn't going to return back in December. They kept him on the books until end of April so he can get all the bonuses and stock

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Post ID: @7qcg+1rYPe0xf

You people act like this doesn’t happen in every big company in the US.

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Post ID: @1hqt+1rYPe0xf

Guys… please remember that this company generates more revenue than all but 10-12 other companies in the entire world. It also spends more money than all but 15 sovereign governments.

It takes some serious leadership to manage that kind of money flowing in and out, and you need to pay up to get the best.

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Post ID: @1zel+1rYPe0xf

Stock is tanking daily, down about $8 in the past 2 weeks alone, about to go under $70. That will be the only thing that would get them to finally get rid of Karen. They only care about the stock price.

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Post ID: @1qsl+1rYPe0xf

So a company with some of the absolute worst technology on earth pays its digital officer $8M a year. LOL!!!!!!!!!!!
Why did we have layoffs again???

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Post ID: @1cot+1rYPe0xf

May seem excessive but you’ve got to remember those stock awards will be worth half as much shortly the way they’re running the company

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Post ID: @tvq+1rYPe0xf

Nice to work at a company that rewards top performers so well. Go CVS!

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Post ID: @wuq+1rYPe0xf

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