Corporate darling Susan Bayh, who sits on the board of the largest health insurer in the nation (WellPoint), earns 6 times as much money as her public-option-hating blue dog husband, Evan. I did the math using the statistics provided in an article written yesterday (link at the end of this post) by Thestreet.com, a financial website that a month ago won the ""Forward-Thinking in Excellence in Overall Business Strategy" according to
Reuters. Let's see:
Susan Bayh's corporate directorships provide a significant chunk of the Bayh family income. In addition to the $2 million she's received from WellPoint since 2003, she has received likely double that from additional corporate boards she has sat on. Last year, for example, she sat on four other boards besides WellPoint's.
So 2 million from Wellpoint + Double that amount from other coporations=2 million + 4 million=6 million. That amounts to a yearly $1 million in income, which dwarfs her husband Evan Bayh's $165,000 that he earns as a congressman.
It is this huge conflict of interest that led the author of this piece to conclude, in regard to Bayh's opposition to the public option:
"While my personal views on health care favor a market-based rather than a government-based solution, I find the hypocrisy of Evan Bayh highly offensive. You would have to be clueless not to see the conflict of interest of his views on this topic and the personal gain his family stands to reap as a result of his wife's connection to WellPoint, if his stated views -- in the name of his constituents -- are seen through.
Evan Bayh, Susan Bayh and WellPoint all look bad here. Until he recuses himself from votes on health care or she resigns from the WellPoint board, criticism of them on this topic will deservedly continue.
I urge any of you who lives in Indiana to contact Bayh and ask him to follow this advice.
Read the rest:
http://www.thestreet.com/story/10618234/1/evan-bayh-hypocrisy-on-the-public-option.html