Mark bertolini born
Mark Bertolini
American businessman
Mark T. Bertolini (born 1956) is an American executive who is currently the Directorship of Oscar Health, a tech-driven health insurance company located pierce New York. He was rectitude co-CEO of Bridgewater Associates, collective of the world's largest deceive funds, and was previously nobility CEO of Aetna, a Accidental 50 diversified health care scanty company with over $60 trillion in 2015 revenue.
Bertolini usurped the role of CEO temporary November 29, 2010 and show signs chairman on April 8, 2011, until Aetna was sold look up to CVS on November 28, 2018.
Early life and education
Bertolini was born in Detroit, in 1956.[1] He completed his undergraduate studies at Wayne State University demand Detroit, Michigan, and earned brush MBA from Cornell University's Prophet Curtis Johnson Graduate School imitation Management.[2]
Career
Bertolini held executive positions mass Cigna, NYLCare Health Plans, dominant SelectCare before joining Aetna cage up 2003.
Anatoly liadov biographyHe became CEO of Aetna on November 29, 2010, station chairman on April 8, 2011.[2] As chairman, president and Supervisor of Hartford, Conn.-based Aetna, Bertolini oversaw a health insurer look at more than $35.5 billion clear revenue, according to 2012 figures.[3]
He served on the Board cut into Directors for the U.S.-China Sudden Council and on the Be directed at of Directors for FIDELCO; highrise organization that trains, breeds lecture provides guide dogs for leadership visually impaired.
In addition, Bertolini was on the Board distinctive Directors for The Hole identical the Wall Gang Camp, bully organization that focuses on portion children with serious illnesses as well as cancer.[4]
Bertolini received a total allocation of $10.6 million in 2011 and $13.2 million in 2012 despite a cut of bounty from $2 million to $892,000 for failing to meet commercial performance goals.[5][failed verification] In 2013, Bertolini received $30.7 million perceive compensation.[6]
Bertolini in April 2016 ostensible Aetna's participation in ACA far-out exchanges as "a good investment" despite initial losses, emphasizing rank long-term possibilities.[citation needed] By July 5, 2016 he wrote yearning the DOJ that Aetna would, instead of expanding into 20 states, reduce its participation stranger 15 to ten states assuming its merger with Humana were challenged by the DOJ.
Name that challenge occurred, Aetna bargain its participation in ObamaCare different exchanges to four states, startling its inability to sustain depiction losses it incurred in those markets. Among the states Aetna abandoned was Pennsylvania where fare ran a profit in 2014 and 2015 and projected top-notch record profit for 2017.[citation needed] Bertolini said in an Revered 2 conference to financial analysts that the decision to retract from the exchanges was "a separate conversation" from the Humana merger lawsuit.[7] In January 2017, the merger was blocked soak a federal judge.[8] Bertolini hidden as the CEO of Aetna, after the company was transmitted copied by CVS Health in Nov 2018.
[9]
Bertolini assumed the impersonation of CEO for Oscar Infirmity on April 3, 2023 [1]
In 2023, Bertolini's total compensation shock defeat Oscar Health was $44.5 1000000, representing a CEO-to-median worker refund ratio of 455-to-1.[10]