Massive payday for WellPoint execs
In Southern California, anger at CEOs has reached the boiling point over the recent discovery last week that the proposed purchase of local insurer WellPoint Health Networks by Indiana-based Anthem (ATH, news, msgs) could trigger $357 million in bonuses to WellPoint executives. Chief executive Leonard Schaeffer alone would pocket $37 million in cash, plus $45 million in pension rights. All this at a time when HMOs are increasing premiums due to the allegedly rising cost of health care.
it's all about the $$$ - and it's wrecking society.
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1997 GSX - new ride
1997 GSX - dedicated track car
2004 R6 - sold
1992 GSX - sold
1996 GST - sold
1995 GSX - sold
Best 1/4 - 11.7 on 93oct
Best 1/4 MPH - 120mph
There are people making money like that all over. I subscribe to 'Fact Company' and they have a CEO See- Ya section that show how bad some of these guys do. Last month was a guy who was ceo of a mortage underwriting company that has had a five year consistant stock price drop over the last five years durring one of the biggest home booms in years. His salary total for those five years was $52 million.
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