hauiMA to Anti-Corporate MovementEnglish · 2 days ago

At troubled UnitedHealth Group, a highly unusual pay package—potentially worth $60 million to its boomerang CEO—heads to a June vote

2

cross-posted to:
workreform@lemmy.world

17

At troubled UnitedHealth Group, a highly unusual pay package—potentially worth $60 million to its boomerang CEO—heads to a June vote

hauiMA to Anti-Corporate MovementEnglish · 2 days ago

2

cross-posted to:
workreform@lemmy.world

Shareholders will soon get to vote on that unconventional pay plan. Institutional Shareholder Services advises they vote no.

cross-posted from: https://lemmy.nz/post/23496873

Stephen Hemsley who turns 73 in June, will get a base salary of $1 million a year—big money but actually below the usual salary for CEOs of such large companies. More important, he would get a one-time $60 million grant of stock options, with a twist: He would get the payoff only if he remains CEO for three years. He would get no other stock-based awards in that period.

You must log in or register to comment.

Chat

Strath@lemmy.world
link
fedilink
English
arrow-up
2·
edit-2
2 days ago
Looks like an incentive to try and stay alive for three years.
gadfly1999@lemm.ee
link
fedilink
English
arrow-up
1·
2 days ago
I was gonna say it was Hazard Pay.

Anti-Corporate Movement

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !anticorporate@lemmy.giftedmc.com

This community is the first one on lemmy of its kind. It sits between the idea of anarchism/anti-capitalism and left leaning economic policy.

Our goal is to make people aware of the dangers of corporate control, its influence on governments and people as well as the small but steady abrasion of empathy around the world indirectly caused by it.

Current topics this includes but is not limited to:

Meta’s entry into the fediverse
Game companies putting gambling mechanics in childrens games
Embracer groups buyout and closing of smaller game studios
IP trolls destroying small companies and keeping progress back for profit

Feel free to debate this but beware, corporate rhetoric is not welcome here. If you have arguments, bring them on. If its rhetoric trying to defend the evil actions of corporations, we will know and you will go.

Our declared goal so far is to have all companies and individuals worldwide capped at 999 mil USD in all assets, including ownership of other companies, sister companies and marital assets. The reason for this is that companies (and individuals) are not supposed to resemble small(?) countries with a single leader(-board) and shareholder primacy. Thats why we feel like they must be kept in check indefinitely.

But companies will just wander off The argument that large companies will just wander off is valid, which we embrace. We dont need microsoft, apple, google, amazon and other trillion dollar companies. There are small competitors being kept small and driven into brankruptcy by anti competitive behavior of these giants or simply bought up and closed. If starbucks left tomorrow, we would not have an issue with this.

But then we have x little microsofts that all belong to the same person(s) If in fact nobody was allowed to accumulate more than 999 mil in assets, they would not be able to own all these. And like defending agains burglary, it is not about complete defence but time and effort. You only have to keep the thief occupied long enough for them to be caught, give up or make a mistake.

But these giants have tons of IP which would then limit our growth Thats another topic we must touch on. We will (only this one time) take a page out of russias playbook and demand that IP of non complying companies (assets over 999 mil USD) will be declared invalid, which opens them up to be copied.

But then they will “live” in one country that doesnt accept this Correct, and they should be taken into custody the moment they enter the airspace of a country that supports this act.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

190 users / day
787 users / week
2.09K users / month
3.56K users / 6 months
3 local subscribers
749 subscribers
252 Posts
1.19K Comments
Modlog

mods:
haui