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UnitedHealth Group's Stephen Hemsley - CEO Compensation
Comments
...And his name is not even Leona!
The median salaries of CEOs is at least 6 times more than the median earnings of the highest paid neurosurgeon! I think being a CEO of some HMO is harder than brain surgery!
CEO Salaries are so outrageous! Honestly that is what is wrong with most companies, greed and from the highest offices in the companies. I wonder if the patient really comes first in their business.
We have insurance under his co., and NO, the patient does not come first. Or even last. They're an after-thought. They fight whether we should know what my son is deathly allergic to, and whether he should've had life-saving open-heart surgery. They don't want to pay for it. It costs less than what the CEO makes in one hour!
I was curios about how much the CEO of the company I worked for made in 2008 so I decided to google it and boy was i shocked. I am a customer service representative, and sad to say about a few months ago we were all pulled into a room and told that due to economic struggles and the recession we would not be seeing a raise this year in our annual salary. Yet the top end of the company still got to see the greener side, it's amazing how the employees who work hard everyday don't receive the recognition they deserve. WHY? Greed, and this is a prime example. It makes my stomach turn
That's over three million dollars that could have gone towards paying hospital expenses or medical bills for God-knows how many patients. Jobs in the Medicare back offices pay well, but there aren't any of these seven figure bonuses to mediocre executives.
Too bad that the Congress has already rolled over and said "thank you,sir, may I have another" to the likes of Rupert Murdoch and Newt Gingrich.
Too bad, indeed.
I present to you, America's greatest crooks! The real gangsters if you ask me.
CEO Salaries are out of control and I too was told no raise no bonus, but you know I still have a job here, and my direct line of management is great as they trust me to do my job and leave me alone. On the flipside if the Government continues to take more control of private industry the CEO's salaries will be the last thing on our minds as our freedoms are taken away.
I'm appalled at the anger over CEO compensation. This should be directed to the Board of Directors who agree to compensation. As long as stock performs, why not pay the CEO handsomely. It ticks me off when the stock tanks and the CEO still makes millions. For example, Jeff Immelt has earned $75 million over 5 years while GE stock has gone from $59 to $15 - and MSNBC (a GE company) is talking about United Health Care.
$1.7B in executive pay is a waste of resources that could go to making sick people well. Obviously you are in the wrong business.
Sooo he gets millions of dollars and United employees can't even get a raise? Wow...thats totally fair...hey Mr. Hemsley..WHERE'S OUR RAISES?
Hemsley compensation reported here is not believable--way too low, considering the Medicare Supplemental tie-in. The IRS should take a hard look at this.
I am truly happy for entrepreneurial, creative business people who successfully and honestly make their business work through vision and sweat. This man doesn't produce anything or promote any kind of goodness for society.
They are a business and in business to make money. But what is worse is the employee doesn't come first either. For instance their tuition policy is: "To get 2500 a year reimbursement you have to be pursuing a degree directly related to you job and it can't be used to obtain the next grade level or for advancement." Now why on earth would anyone spend the money to get a degree if not to advance or better themselves? That is just utterly absurd. The next policy is on internal applicants pay. They have levels, like grade level 23, 24, and SBI. So say you are grade 24 and making 37k per year. You move up 1 level and the maximum increase you get per level is 5%. A level 25 approaching market pay is 36,100-42,400. Your 5% = a new salary of 38850. The competitive market range is 41,000 - 59,000. Premium zone is 57,600 - 63,900. So you are at the very bottom of the approaching market pay. And it just gets worse as you level increases. You move to a level 26 and again another 5%. By this time your pay doesn't even fall within a level 26 pay. But extenal, if coming in as a level 26, you could ask for 50,000 and get it. We have people quit all the time and then come back as rehires a year later and make twice as much as when they left for the same job and same grade level. Dumb policy huh? Now Aetna pays their people pretty fairly. Their pay for like jobs is much higher than United and United has higher profits than Aetna. Could be the reason the govt has decided when the healthbill passes to give it to Aetna. Also Ron Williams was voted one of the best CEO's. Wonder why? Could he be one of those CEO's that actually cares about employees and customers? If companies treat their employees fairly then employees will treat the customers fairly. And guess what? That creates customer loyalty and more profit for the CEO and shareholders. Businesses like United have it all backwards. We have providers at United that haven't seen a provider rep in years and don't even know anyone's name. Yet United laysoff in one department and has job openings in another. Ah Hello. If you have a sales person in a dept and you are wanting to lay them off and then have a provider rep position open, transfer them to that job dummies. They are just incredibly clueless when it comes to HR and Customer service. I agree CEO's have earned the right to make a ton of money. I have my MBA and earning my PhD right now. During my MBA I learned about 1/10th of a CEO's responsibilities to the business; shareholders; customers and employees. I was completely overwhelmed by it all and did gain a new found respect for CEO's. But not all CEO's. If Steve would care about his people that work day in and day out for him then maybe, just maybe we would show our concern more for customers. I personally do not deal with external customers anylonger, just internal but still. It is just really sad that Steve can't treat his own employees with the same loyalty we have treated United for decades. We do our yearly employee survey and the results for pay and benefits are always crappy yet they never do anything about it. So I am like why bothering asking when you know we hate our pay and benefits it you are not going to change it.





Stephen Hemsley - UnitedHealth Group