Aetna assured Connecticut lawmakers that it will leave most of its employee workforce in Hartford and would only move its top executives to its new location in New York City. But even the loss of the top five executives at the insurance giant will cost Connecticut millions in lost tax revenue. The five top executives, including CEO Mark Bertolini, earned a combined $49.2 million in 2016, according to Morningstar, a stock-trading and investment research company.
Boston Globe columnist Shirley Leung wrote last week that Hartford's worst-kept secret was Aetna's desire to get out of Connecticut and encouraged the insurance giant to relocate to Boston. The column made big news in Connecticut but Massachusetts officials have been hoping for an Aetna move for since 2015.