CEO hits a BILLION $$$

[serryjw]

What's wrong with this picture?

quote......
The Wall Street Journal is all over the story of UnitedHealth Group CEO Dr. William McGuire, the richest guy you've never heard of. Today the CEO is calling for the end to stock-based compensation for his company's executives. The Journal notes the irony:

The catch is this: the former pulmonologist has amassed one of the fattest stock-options fortunes of all time. In a Page One article today, The Wall Street Journal reported that Dr. McGuire's unrealized gains on UnitedHealth options total $1.6 billion (he also pulls down $8 million a year in salary, plus bonus and perks).
end quote.......
http://wizbangblog.com/2006/04/18/the-last-of-the-bubble-billionaires.php

[Erika]

1. United Health Group is infamous for paying the lowest wages

possible to workers. The hospital blue collar workers are mostly paid minimum wage to $9.50 an hour.

[RUMMYisFROSTED]

6. Bill Mcguire needs a golden toilet.

Who are you to deny him that?

Personally, I draw the line at the silver leaf tp.

[serryjw]

11. Now you know how he made the billion

Overworked, underpaid healthcare workers. Wanta really get pissed go to my new thread on Bloomberg. You don't have to be a financial wiz kid to figure out how these profits are made.

[DELUSIONAL]

2. How many insurees died because of insurance failure to deliver

MD ordered treatment -- so this bastard can be "compensated".

This is the most obscene news items I've read in a while.

[leftofthedial]

3. these super-rich assholes are sociopathic criminals

they should be dealt with most harshly

[SeattleGirl]

4. This is one of the biggest reasons why I think medical companies

and drug companies should NOT be publicly traded on the stock market! I have no quarrel with most types of businesses being publicly but when it comes to anything related to health care, I find it morally and ethically offensive that THEY are listed on the stock exchange. I believe this is one of the primary reasons that health care and drugs are so freakin' expensive, because the CEOs are concerned about the "bottom line" (especially theirs), and pleasing the stockholders, and NOT about what is ostensibly their business: the health and wellbeing of the people of this country.

And for this man to have so freakin' much money in his stock options is also obscene. He may be a doctor, but I'll bet he cares more at lining his pockets than he does about the people his company is supposed to be helping.

[serryjw]

8. Keep in mind....With a private

company you have no disclosure. They REALLY could do whatever they wanted

[SeattleGirl]

14. You do have a point there.

It still bothers me though, that health care companies can be publicly traded. Just sticks in my craw.

[Rick Myers]

5. A million here, a million there, pretty soon you're talking REAL money!!!

:grr:

[Swamp Rat]

7. obscene n/t

:puke:

[silverweb]

9. This is so wrong.

For-profit health care is criminal, pure and simple.

[Cleita]

10. And 18,000 Americans a year die from diseases that

are curable because they can't get or afford health care.

[cosmicdot]

12. oh, just great ...

the 3 finalists for my Medicare Rx:

PacifiCare, AARP Medicare Rx, UnitedHealth

PacifiCare has been bought and is merging with UnitedHealth
AARP's plan IS UnitedHealth
United Health is choce 3

some choice ... same company

and reading the posts about UH just makes it worse

[Cleita]

15. PacificCare sucks.

So maybe it's good that they are merging with United Health Care.

At least UHC pays the bill, something PacificCare had problems doing resulting in most doctors refusing to accept it.

I hope PacifiCare isn't the company that's absorbing UHC.

[Ksec]

13. Do as I say, not as I do.

Thats just foul. 1.6 billion? The corporate world has gone totally insane with greed and corruption.

And then they cut the guy whose working his ass off for a few bucks an hour. I cant even express how pissed off this kinda shit makes me. There is no word for it.

[Erika]

16. Yep, raising a minimum wage worker to $12.00 an hour

would be a Godsend to them. The CEO's won't do that in today's "greed is honorable" theme.

[WhiteTara]

17. there sure is a lot of money in misery

I hope he drowns on his own juices. What the hell happened to non profit hospitals? Think of the medicines that 1.6 billion dollars. would buy.