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3
WellPoint Health Networks Inc. (WLP)
Leonard D. Schaeffer
Leonard D. Schaeffer, 58
CEO since 1986
industry
Health-Care Equip. & Services
sales
$20.4 billion
net income
$935.2 million
Corporate benefits managers are desperate to push more health-care costs to employees, and Thousand Oaks (Calif.)-based WellPoint is answering their call. The spread of WellPoint's flexible plans, which require employees to pay more for high-priced drugs and other expenses, contributed to its 35% growth in profits. Part of WellPoint's secret was that it leveraged its surging stock--which returned 120% to shareholders over the past three years--to buy up a string of regional health plans. In October, WellPoint agreed to its own $16 billion acquisition by Anthem, which will close this summer.