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The CEO of Aetna will leave under $69 billion CVS purchase

The CEO of Aetna will leave under $69 billion CVS purchase

Executives of Aetna Inc. and CVS Health Corp. on Monday touted the $69 billion purchase of the Hartford insurer as the tip of the spear in a new, more accessible health care system.

But while Aetna will remain as a separate unit of CVS, the insurer’s CEO, Mark Bertolini, will step away from management operations and join the board of CVS.Bertolini could receive $88.3 million in stock awards, severance and other compensation if he’s let go within two years of the transaction, according to Bloomberg News.

“What we are announcing today is the natural evolution of our two companies, a combination of two great organizations with the expertise to remake the consumer health care...

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