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OpEdNews Op Eds    H4'ed 4/6/10

How much should the CEO of WellPoint get?

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Angela Braly, the CEO of health insurance giant WellPoint just
received a whopping $13.1 million in pay, a 51 percent increase in
compensation in 2009.

This at the same time "WellPoint's California
subsidiary, Anthem Blue Cross, is seeking a double-digit rate increases
for many of its 800,000 members who buy individual policies."

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."

I'm
guessing there are a lot of "top talent" people who would be more than
willing to work for over $60,000 a day plus corporate jets and catered
meals and all the other perks Braly enjoys.

They're just not members of
the old-boys-and-girls network that has become the ruling aristocracy of
America's CEO class

 

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Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War Against the Middle (more...)
 

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