Thread regarding Molina Healthcare Inc. layoffs

Joseph W. White we found Molina's financial loss problem

Joseph W. White

Executive Compensation

As Chief Accounting Officer at MOLINA HEALTHCARE INC, Joseph W. White made $3,419,051 in total compensation. Of this total $538,000 was received as a salary, $80,000 was received as a bonus, $0 was received in stock options, $2,786,018 was awarded as stock and $15,033 came from other types of compensation. This information is according to proxy statements filed for the 2016 fiscal year.

http://www1.salary.com/Joseph-W-White-Salary-Bonus-Stock-Options-for-MOLINA-HEALTHCARE-INC.html

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Post ID: @OP+OzswFpo

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Actually there was inefficiency and incompetence at most levels of Molina. I worked for Molina for five years, luckily I saw this coming and quit for a way better organization last year.. There was way too much favoritism and nepotism at every level that I had contact with in those five years. Human resources in Long Beach never listened when problems would be brought to their attention. I worked for Molina,Sacramento and at the clinic I was at Molina was forced to settle hundreds of thousands of dollars worth of lawsuits because of many of these problems. We had four or five clinic managers in my five years. All the original employees that were at my site when I got hired were no longer working for Molina when I left. When you have turnover like that you know there are organizational problems. Yet they continually backed up their site managers who had absolutely zero experience in Labor Laws. When Molina added the community transit lines here I knew then that it was only a matter of time before the spending caught up with them. That single bus probably cost hundreds of thousands a year in wages, fuel, insurance and maintenance yet did nothing to further the healthcare mission. One person in our office who's job basically consisted of writing birthday cards to our patients. Other employees doing the minimum necessary while kissing a--. Other better workers that had to pick up the slack eventually would get tired of being used and would move on to better things like I did. I know that some of the good employees got caught up in this layoff and that is unfortunate. Hopefully you guys saved money and took advantage of the ESP. When I first started in the ESPP the stock was trading at around 20 dollars a share. When I left and decided to sell I had over twenty thousand dollars in Molina stock. Most of you should be okay if you were smart enough to invest in the ESPP. I see many complaints on here that the layoff was to protect the rich shareholders, but many of them shareholders were regular Molina employees who will now need that money.

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Post ID: @zev+OzswFpo

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