The Blue Cross headquarters by Millennium Park
Top brass at Blue Cross of Illinois parent company got big raises last year, as health insurers emerged largely unscathed from the economic fallout of a pandemic that hammered other segments of the health care industry.
The biggest winner was former board member David Lesar, who served as interim CEO of Chicago-based Health Care Service Corp. from July 2019 through May 2020. His total compensation surged 172 percent to $16.9 million. Paula Steiner, who left HCSC after stepping down as CEO in July 2019, pocketed $12.6 million last year.
Earlier
Maurice Smith, who took the helm last June, got a 63 percent boost to $5.9 million, while longtime board Chairman Milton Carroll s pay jumped 81 percent to $8.9 million.
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