WellPoint CEO receives a 51 percent increase in compensation.
OPS_admin | Apr 04, 2010 | Comments 0
Angela Braly, CEO of health insurance giant WellPoint, saw her compensation jump 51 percent to $13.1 million in 2009. The LA Times adds, “At least three other WellPoint executives got compensation increases of as much as 75%.” Braly’s boost comes as “WellPoint’s California subsidiary, Anthem Blue Cross in Woodland Hills, seeks double-digit rate increases for many of its 800,000 members who buy individual policies.” During the health care debate, WellPoint became the poster child for the abuses of the health insurance industry, pressuring lawmakers to support drastic reform and pushing Obama to add stronger cost control provisions into his health care blueprint. A Center for American Progress analysis from February found that “double-digit hikes have been implemented or are pending in at least 11 other states among the 14 where WellPoint’s Blue Cross Blue Shield companies are active.” WellPoint spokesman Jon Mills justified Braly’s compensation by saying that the company “wants to attract and retain top talent.”
Full Story: Think Progress » WellPoint CEO receives a 51 percent increase in compensation..
OPS: and how many people dies, or are living in physical misery or are bankrupted as a direct result of this?
Filed Under: Fascism, Police State, Authoritarianism
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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