The insatiable greed of Angela Braly
[Welcome, Crooks & Liars readers! -- lambert]
WellPoint Inc. revealed Friday that it boosted its chief executive's compensation 51% last year, even as the health insurance giant prepared massive rate increases in California that embroiled it in a national controversy over skyrocketing health insurance costs.
The proposed rate increases of up to 39% in individual policies turned the insurer into a flash point in the healthcare overhaul battle, breathing new life into President Obama's effort at a crucial time in the debate.
Chief Executive Angela F. Braly saw her total compensation shoot to $13.1 million, from $8.7 million a year earlier, according to a filing with the Securities and Exchange Commission. At least three other WellPoint executives got compensation increases of as much as 75%.
Just for the record, this month, this month alone, Braley dumped 32,302 shares of WellPoint stock for a total of $2,000,233, because it seems $13.1 million is not enough to get by on.
Clearly the entire
gangBoard of Directors have treated health care deform as the occasion for a great orgy of stock dumping. Lori Beer dumped $275,106 worth of WellPoint stock, Randall Brown $313,731, John Cannon $737,123, Wayne Deveydt $2,420,073, Fluegel Bradley $357,410, Lewis Dijuana $404,833, Victor Liss $623,000, Cynthia Miller $288,614, Martin Miller $904,303, Samuel Nussbaum $320,724, Brian Sassi $447,691, Jackie Ward $947,063.
Readers, this means that in March alone, these parasites siphoned off $10,039,904. These are not the actions of business management, these are the actions of a mafia bust out operation.
How much health care could your state buy for $10,039,904 and why should we sacrifice that amount of human life to maintain these parasites to the style to which they have become accustomed?