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Illustration: Aïda Amer/Axios

Top executives at large health care companies have been registering more money during the 2020 pandemic year than before, new company filings show.

Why it matters: The coronavirus upended how and when people sought care, but it didn't change the stock-heavy nature of how the industry's power brokers get paid.

By the numbers: Health care CEOs have been posting large 2020 paydays because their stock got more valuable. All numbers are based on actual realized stock gains.

  • Sam Hazen of HCA Healthcare, a dominant hospital chain that returned coronavirus bailout funds partially due to higher profits, made $84 million (four times as much as 2019), and $66 million of that came from stock.
  • David Cordani of Cigna made $79 million (six times as much as 2019), and $73 million of that came from stock.
  • Dave Ricks of Eli Lilly made $68 million (twice as much as 2019), and $58 million of that came from stock.

What they're saying: A Cigna spokesperson said Cordani's pay represents his long-held stock and is "aligned to the tremendous value created for our customers, clients, employees and shareholders."

  • An Eli Lilly spokesperson said Ricks' pay was justified because the drug company "largely met or exceeded its combined financial and strategic goals."
  • An HCA spokesperson said the company's "philosophy is centered around creating a strong, positive link between our performance and compensation."

Go deeper: Our 2020 health care executive compensation tracker

Go deeper

3 hours ago - World

Canada First Nation finds mass grave at another school site

A memorial around the Centennial Flame on Parliament Hill in Ottawa, Ontario, Canada, on June 4, honoring 215 Indigenous children found buried in an unmarked, mass grave at a one-time residential school in Kamloops, British Columbia. Photo: David Kawai/Bloomberg via Getty Images

A First Nation in Canada said Wednesday "hundreds" of unmarked graves have been discovered at the site of a former residential school in the prairie province of Saskatchewan.

Of note: The Cowessess First Nation said in a statement the number of graves found are "the most significantly substantial to date in Canada" — suggesting it's more than the remains of 215 Indigenous children discovered last month at a former residential school site in Kamloops, British Columbia.

Biden replaces FHFA director after Supreme Court ruling

Mark Calabria, then-director of the Federal Housing Finance Agency, during a Senate hearing on Capitol Hill in 2020. Photo: Astrid Riecken/ Pool/Getty Images

The White House on Wednesday replaced the regulator who oversees mortgage giants Fannie Mae and Freddie Mac, hours after a Supreme Court ruling enabled President Biden to oust the Trump appointee.

Why it matters: The removal of libertarian economist Mark Calabria as Federal Housing Finance Agency (FHFA) director gives Biden more control over the fate of Freddie and Fannie, "which play an outsize role in the housing market and are central to many homeowners' ability to afford homes," per the New York Times.

Sen. Sheldon Whitehouse under scrutiny for elite club affiliations

Sen. Sheldon Whitehouse during a Senate hearing on Capitol Hill in February. Photo: Susan Walsh-Pool/Getty Image

Sen. Sheldon Whitehouse (D-R.I.) said in a statement Wednesday that he is a member of an exclusive Rhode Island sailing club that lacks diversity.

Why it matters: Whitehouse has repeatedly spoken out against systemic racism and come under scrutiny this week for his family's affiliation with elite clubs. This is the second such club accused of lacking diversity that the senator has been linked to in recent days