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Retired Aetna CEO’s 2010 pay was $20.7M

Aetna’s former chief executive Ronald Williams, who retired from the Hartford managed care provider in November, received a $20.7 million pay package in 2010, more than double the compensation earned by his successor.

Williams’ pay package, which increased from $18.1 million in 2009, included a $2.8 million cash bonus and $14.3 million in stock options. His base salary was $1.1 million.

Williams also exercised about $50 million in previously awarded stock options  during the year.

 Mark Bertolini, who succeeded Williams as chairman and CEO, earned a total pay package of $8.8 million in 2010. That included a $937,318 base salary, $5.8 million in stock awards and a $1.9 million cash bonus.

Aetna made a $1.8 billion profit in 2010, up 28 percent from the $1.4 billion the company made in 2009.

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