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07/22/14 - $85.72
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aetna inc (AET) Details

Aetna Inc. operates as a diversified health care benefits company in the United States. The company operates in three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment provides medical, pharmacy benefit management, dental, behavioral health, and vision plans on an insured basis, and an employer-funded or administrative basis. This segment also provides Medicare and Medicaid products and services, as well as other medical products, such as medical management and data analytics services, medical stop loss insurance, workers' compensation administrative services, and products that provide access to its provider networks in select markets. This segment offers its products and services to multi-site national, mid-sized, and small employers, as well as individual customers. The Group Insurance segment provides life insurance products comprising group term life insurance, voluntary spouse and dependent term life insurance, group universal life, and accidental death and dismemberment insurance; disability insurance products; and long-term care insurance products, which offer benefits to cover the cost of care in private home settings, adult day care, assisted living, or nursing facilities. This segment provides insurance products principally to employers that sponsor its products for the benefit of their employees and their employees’ dependents. The Large Case Pensions segment manages various retirement products, including pension and annuity products for tax-qualified pension plans. The company’s customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. Aetna Inc. was founded in 1853 and is headquartered in Hartford, Connecticut.

48,600 Employees
Last Reported Date: 02/28/14
Founded in 1853

aetna inc (AET) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $996.2K
Chief Financial Officer, Chief Enterprise Ris...
Total Annual Compensation: $661.9K
Executive Vice President of Operations & Tech...
Total Annual Compensation: $628.0K
Senior Executive Vice President of National B...
Total Annual Compensation: $837.5K
Head of Local & Regional Businesses and Execu...
Total Annual Compensation: $649.5K
Compensation as of Fiscal Year 2013.

aetna inc (AET) Key Developments

Aetna Inc. Names Harold L. Paz as Executive Vice President and Chief Medical Officer

Aetna announced that Dr. Harold L. Paz will join the company later in July as executive vice president and chief medical officer (EVP/CMO). Paz will lead clinical strategy and policy at the intersection of all of Aetna's domestic and global businesses. Paz has served as chief executive officer of Penn State Milton S. Hershey Medical Center, Penn State's senior vice president for health affairs and dean of its College of Medicine since April 2006. Most recently, Paz led the negotiations between Penn State Hershey and PinnacleHealth toward the formation of a new integrated healthcare enterprise across central Pennsylvania.

Aetna Reportedly Selling Coventry Health's Assets

Aetna Inc. (NYSE:AET) is reportedly looking to sell assets of Coventry Health Care Inc. Aetna is reportedly working with Bank of America Merrill Lynch on a sale.

Aetna Elects Mark T. Bertolini as a Director; Approves Amendments to the Articles of Incorporation and By-Laws

On May 30, 2014, the shareholders of Aetna approved a proposal to amend Article 11 of the Company's Amended and Restated Articles of Incorporation to eliminate the supermajority voting provisions contained in the Articles of Incorporation and a proposal to amend Article 8(a) of the Articles of Incorporation to provide holders of at least 25% of the voting power of all outstanding shares the right to call a special meeting of shareholders, and the Company effected those amendments. On May 30, 2014, the shareholders of company also approved a proposal to amend Section 5.02 of the Company's Amended and Restated By-Laws to eliminate the supermajority voting provisions contained in the By-Laws. Also on May 30, 2014, following the effectiveness of the amendment to Article 8(a) of the Articles of Incorporation, the company's Board of Directors amended Sections 1.03 and 1.04 of the By-Laws to address procedural issues in connection with the exercise of the shareholders' right to call a special meeting of shareholders. In addition, on May 30, 2014, the Board amended Section 4.01 of the By-Laws to eliminate the second sentence of such Section 4.01 (regarding appointment of certain officers), which was determined to be unnecessary. The shareholders also elected the director nominee Mark T. Bertolini as a director of the company until the next Annual Meeting and until their successors are duly elected.


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