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Executives earn more based on revenues and thus prices and not stock returns.


See almost any of the proxy filings and you will see much of the compensation is based on hitting targets other than just revenue, and most of the compensation itself is equity:

https://www.unitedhealthgroup.com/content/dam/UHG/PDF/invest...

https://s202.q4cdn.com/665319960/files/doc_financials/2025/a...

The executives seem to have a heavy interest in equity returns.




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