Stephen Hemsley who turns 73 in June, will get a base salary of $1 million a year—big money but actually below the usual salary for CEOs of such large companies. More important, he would get a one-time $60 million grant of stock options, with a twist: He would get the payoff only if he remains CEO for three years. He would get no other stock-based awards in that period.
I just don’t understand having as much money as I imagine he has and being that old and still wanting to work…or be attached to something requiring any sort of work.
It’s probably best you don’t understand that. Else you’d be a greed monster.
It could be fear. Work is an identity for some people, and not having that means big change, some are afraid of change.