Thread regarding Centene Corp. layoffs

That’s life, the wealth is not fair, get over it! Trust in God to meet your needs.

They have the money honey!

@cs Usually, AI bots won't reveal what they are, and this site actually makes you complete a number check to verify you aren't one. It’s completely okay if we have different viewpoints on this, though!

@ct Yeah, in all honesty I don’t care much about money and material things. Really just want to make enough to stay off the streets and eat relatively healthy and have clothing and safe shelter.

But what I do have a problem with, is when ultra rich people wrongfully and cruelly exploiting others, particularly when those others are persons that also studied hard for their degrees, honestly paid off their student loans, worked hard for their employer, followed all the rules of society and yet were still prematurely thrown on the scrap heap. Now, that is what I have a problem with.

I really don’t care because I know I will never make this type of money in my life time. I’m content with what I have and not worried about anyone else money.

@cr Well, you may not be a AI bot but I am one. HaHa! I fooled you into thinking I was a human!

@cj Not a bot, just have a different view than you. Don’t let internet opinions bother you! 😆

Money always gets people talking for sure. LOL!

@cn That perspective is much easier to hold from a CEO's salary. A voluntary resignation isn't a financial risk when you have millions saved to retire on. The reality is that every job has its challenges, but the financial safety nets are not equal.

@cm If I was CEO, I would take a moral stance and tell the board of directors to fire me because I refuse to succumb to their pressures to do what I know is not morally right. If they asked why, I would inform them that I feared my maker more than man.

Stepping back to look at the bigger picture, running a multi-billion dollar corporation involves navigating macroeconomic pressures that many outside the C-suite don't see. While the current VSPs and layoffs are incredibly difficult, these structural cost cuts are heavily influenced by shifting healthcare policies and federal changes. Leadership must make hard fiscal decisions to keep the business viable, regardless of public opinion.
Furthermore, high executive compensation and intense board pressure are structural realities of corporate governance that are here to stay; a CEO can be removed by the board at any time if performance slips.
For those staying or moving on via VSP, every major corporation faces similar systemic challenges. Ultimately, the best path forward is to focus inward: maximize your personal financial security, manage your savings diligently, and actively take control of your own career trajectory.

@cf THIS

As an aside, not going to post on this particular thread anymore as I suspect will or are just arguing with AI bots.

@cg sure do.

@cf Bonuses might follow strict rules tied to specific goals, not just overall feelings.

@ce Well in this case, the CEO didn’t manage the “operational complexity” you speak of very well, did they? That and the fact that the rest of bonus eligible staff see their bonuses take a hit when the company does not perform is what people are upset about.

@cd This view treats multi-billion dollar companies as simple movie sets, ignoring the massive operational complexity CEOs actually manage.

@ca - The “Global Talent Market” dictates Sarah London is top of the talent food chain 🤔. There is a script and who ever can read and execute that script to satisfy the director gets the job. That script is written by the likes of McKinsey and CEOs are anointed to act the part. Same storyline, new shiny buzzwords, same results - layoffs. Lord forbid for 200M someone should expect innovation and not the same old cost cutting script. They should earn their money, not pilfer what past leaders built.

@cb if you already know how this works, why post it? It is how it is, most companies do this, and complaining here changes nothing. Petition the president if you want different pay rules.

@ca You are speaking with someone who fully knows how it works. With that said there should be ceilings set for just how high executive salaries should go. I am a capitalist and I am a republican and even I know executive salaries have gotten out of control. So, for me at least, this is not a political issue; it is a common sense issue.

Executive pay is determined by global talent markets, not a lack of empathy for employees.

Accountability Risk: Executive wealth is often tied directly to stock performance and public filings, meaning their personal compensation fluctuates wildly based on company success or failure.
Ultimate Burden: If a company fails or underperforms, leadership bears the public and professional consequences, including immediate termination by the Board of Directors.
Macro Stability: The core responsibility of leadership is ensuring the organization's legal and financial survival, which requires making difficult structural choices like reorganizations.

What would really helpful would be to see the percentage difference between each of those executives in contrast to the average health insurance employee (next to the executives salaries). And also a comparison of today’s percentage disparity with the salary percentage disparity of ten years ago, twenty years ago, 30 years ago, forty years ago, and fifty years ago.

I think people would be shocked at the exponential rate the disparity in pay difference between executives to average employee salary, just how far and fast that disparity rate has grown.

The data from the SEC filings certainly makes a compelling case. It highlights a common corporate tension: balancing fiscal responsibility to shareholders or taxpayers with the morale and stability of the workforce. The emotional toll of waiting for restructuring decisions is a massive factor that often gets left out of the numbers. It is what is!

@a7
@aa

"but mom, all the other kids did it too" was a failed justification as far back as second grade.

stunning to see some simplistic bootlickers holding onto it well into their "adulthoods"

@c2 Naw, it needs to as explicitly and specifically as possible, with amounts next to names, be repeated over and over and over.

Because there may still be general public that is yet not aware just how bad and disgusting it is. It is not enough to be repeated generally because, yes, everyone knows that. But rather it really needs to be repeated very detailed. Only then does it open a person’s eyes wide open.

We know they make millions. No need to keep repeating it.

Stop pocket watching & focus on your own money!

Who cares!

@bd - back in the 80’s the executive lived well. Biggest house in the neighborhood. Now it’s a private island. The game went from long term incentives to short term incentives. An outdated Jack Welch strategy is apparently what they teach at the Ivy Leagues.

Jack Welch operationalized these ideas by aggressively prioritizing short-term stock price growth through mass layoffs and financialization.Ironically, in 2009, Welch backtracked, calling the obsession with short-term shareholder value "the world's d-mbest idea," stating it should be a result of good business, not the primary strategy.

You're making the wrong argument when bringing up C-Suite executives pay. They earned that by advancing to those levels and, like any corporation, the bottom workers jobs are at risk and they are not going to sacrifice their pay for bottom line workers. However, I do have a problem with how much these executives get paid while there are struggling Americans trying to afford Healthcare.

@ae in your a--hole digging out gold!

Where is Nathan Landsbaum on this list?

Y’all are really reaching for votes by posting executive pay again. This isn't uncommon, and it doesn't change a thing. Goodnight!

this is just capitalism. it’s naive to think it’s not the same at most Fortune 500 companies.