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Featured ACA: And the walls came crashing down?!

Discussion in 'News & Current Events' started by righteousdude2, Apr 22, 2016.

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  1. Crabtownboy

    Crabtownboy Well-Known Member
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    Perhaps, just perhaps better management would allow them to make money. Isn't $66 million in one year for the CEO a bit obscene?
     
    #21 Crabtownboy, Apr 22, 2016
  2. Sapper Woody

    Sapper Woody Well-Known Member

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    Taking away one man's money to give to others?

    Sent from my QTAQZ3 using Tapatalk
     
    #22 Sapper Woody, Apr 22, 2016
  3. InTheLight

    InTheLight Well-Known Member
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    It does seem excessive. However, I'd guess the majority of that money is in incentives and performance bonuses, not salary. If the board of directors approve a payment plan with performance goals and the CEO meets the goals, who are we to object? It's literally not our business.

    Sent from my Motorola Droid Turbo.
     
    #23 InTheLight, Apr 22, 2016
  4. carpro

    carpro Well-Known Member
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    You're wasting your time. CTB is not interested in the truth.
     
    #24 carpro, Apr 22, 2016
    • Agree Agree x 1
  5. righteousdude2

    righteousdude2 Well-Known Member
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    That isn't within the guidelines of a liberal, communist leaning philosophy. Just too capitalistic.
     
    #25 righteousdude2, Apr 22, 2016
  6. Crabtownboy

    Crabtownboy Well-Known Member
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    Yes, the CEO is taking a huge amount of money away from others as well, now, as taking health care insurance from who knows how many.
     
    #26 Crabtownboy, Apr 23, 2016
  7. InTheLight

    InTheLight Well-Known Member
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    Here is Hensley's 2015 compensation.

    Total: $20 million
    Salary: $1.35 million
    Incentive pay (not from stock): $3.62 million
    Value realized from vesting shares: $14.9 million

    In 2015 he didn’t exercise any stock options, and as a result his total realized pay for 2015 was down 70 percent, or $46 million, from the year before. It was the first time since 2007 that he didn’t exercise any options.

    http://m.startribune.com/ceo-pay-wa...1-million-in-2015/376792271/?section=business

    So he took a $46M pay cut. Happy now?

    Sent from my Motorola Droid Turbo.
     
    #27 InTheLight, Apr 23, 2016
  8. Crabtownboy

    Crabtownboy Well-Known Member
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    2014 package for Hemsley:

    CEO Pay Watch UnitedHealth Group Inc.

    Stephen Hemsley, CEO

    Total compensation: $66,125,208 for the year ended Dec. 31, 2014

    Salary: $1,300,000

    Non-equity incentive pay: $3,949,000

    Other compensation: $107,479

    Exercised stock options: $45,569,049

    Value realized on vesting shares: $15,199,680

    New stock options: 83,918

    So, 66 million in 2014 and 46 million in 2015 .... $112 million in two years. How many people could have kept insurance on that amount. How much does one person need before his package becomes obscene? How many employees could have received generous salary increases?

    Poor Hemsley, had to scratch by on only 46 million in 2015. Cry
     
    #28 Crabtownboy, Apr 23, 2016
  9. InTheLight

    InTheLight Well-Known Member
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    Can you read? You say you read 50+ books a year.

    Hemsley's compensation was $20M in 2015, NOT $46M.

    Go back and actually read my post. Then click on the link I provided and read the article. It was in today's Minneapolis Star Tribune. United Health Care is based in Minneapolis.



    Sent from my Motorola Droid Turbo.
     
    #29 InTheLight, Apr 23, 2016
  10. Crabtownboy

    Crabtownboy Well-Known Member
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    20 million ... 40 million, I am certainly not going to worry about his going hungry. Even 20 million is obscene IMHO.

    Did you know he raked in over 95 million in 2009?

    Do you remember what the state of the economy was at that time?

    Hmm, do you remember Bush's recession at all?

    Oh, and thanks for showing such politeness in your reply.
     
    #30 Crabtownboy, Apr 23, 2016
  11. InTheLight

    InTheLight Well-Known Member
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    No. But I know his predecessor made $114M one year.

    Yes. Did UHC make money in 2009? Did the CEO meet his incentives?

    Have been polite to you the first 9,734 times this sort of error has been pointed out. Apparently it's not affecting you so I figure I'd try being rude and see if that works. You really need to read and vet the stuff you post.



    Sent from my Motorola Droid Turbo.
     
    #31 InTheLight, Apr 23, 2016
  12. Salty

    Salty 20,000 Posts Club
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    Has it been established if that 66 mil was gross receipts, profit, net profit, ect?
     
    #32 Salty, Apr 23, 2016
  13. Crabtownboy

    Crabtownboy Well-Known Member
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    Stephen Hemsley, CEO

    Total compensation: $66,125,208 for the year ended Dec. 31, 2014

    Salary: $1,300,000

    Non-equity incentive pay: $3,949,000

    Other compensation: $107,479

    Exercised stock options: $45,569,049

    Value realized on vesting shares: $15,199,680

    New stock options: 83,918
     
    #33 Crabtownboy, Apr 23, 2016
  14. InTheLight

    InTheLight Well-Known Member
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    Their net income in 2015 was $5.8 billion on revenues of $157 billion.

    That is up from $5.6B on revenues of $130B in 2014.

    So, IDK, if the company increases revenues by $27 billion over the previous year, the CEO might be entitled to a raise.

    Sent from my Motorola Droid Turbo.
     
    #34 InTheLight, Apr 23, 2016
  15. InTheLight

    InTheLight Well-Known Member
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    So how do you propose getting poor people health insurance with stock options?



    Sent from my Motorola Droid Turbo.
     
    #35 InTheLight, Apr 23, 2016
  16. Don

    Don Well-Known Member
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    Come on, people. CTB thinks Hemsley should be making $100,00--or less--per year. Until you can explain to CTB, and get him to understand, why he's wrong, this argument will be perpetual.
     
    #36 Don, Apr 23, 2016
  17. Don

    Don Well-Known Member
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    Now there's a thought: all participants in an insurance company should be shareholders?

    How long do you think we'll have insurance companies if that went into effect?
     
    #37 Don, Apr 23, 2016
  18. Squire Robertsson

    Squire Robertsson Administrator
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    That type of insurance company is called a mutual insurance company. Think Mutual of Omaha, New York Life, State Farm, USAA, ect. All companies of good size and with a long history.
     
    #38 Squire Robertsson, Apr 23, 2016
  19. TCassidy

    TCassidy Late-Administator Emeritus
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    You do understand what a stock option is, and that any increase of capital net has nothing to do with compensation, right?

    When I worked for Edison their capital investment increased by over $5 billion. My stock (purchased using management stock options) increased from being worth $15,000 to being worth over $50,000. The rate payers did not pay one dime of that capital gain. That all came out of the pockets of stock holders and investors.
     
    #39 TCassidy, Apr 23, 2016
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  20. Aaron

    Aaron Member
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    We need a [Edit] crazy icon.
     
    #40 Aaron, Apr 23, 2016
    Last edited by a moderator: Apr 23, 2016
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