Lee Duna@lemmy.nz to

Work Reform@lemmy.worldEnglish · 23 days ago

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

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

Lee Duna@lemmy.nz to

Work Reform@lemmy.worldEnglish · 23 days ago

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

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.

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halcyoncmdr@lemmy.world
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23 days ago
Actually far less hazardous than a Circle K worker. And less beneficial to society. Should get paid the same as them.
- Boomer Humor Doomergod@lemmy.world
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  23 days ago
  CEO is a bullshit job

Work Reform@lemmy.world

workreform@lemmy.world

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

All workers must be paid a living wage for their labor.
Income inequality is the main cause of lower living standards.
Workers must join together and fight back for what is rightfully theirs.
We must not be divided and conquered. Workers gain the most when they focus on unifying issues.

Our Goals

Higher wages for underpaid workers.
Better worker representation, including but not limited to unions.
Better and fewer working hours.
Stimulating a massive wave of worker organizing in the United States and beyond.
Organizing and supporting political causes and campaigns that put workers first.

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