Molina's lead independent director received over $416,000 in compensation in 2016 – but back to that in a minute. Overall, the nine independent Board members received nearly $3.5 million in compensation in 2016.
Here’s a chart of what each was paid in cash and stock options:
https://imgur.com/a/G8N32
Meanwhile, as the company laid off 1,500 people, left thousands more employees concerned about their own fates, made millions of dollars in severe cuts under the banner of ‘Project Nickel,’ what did the Board do to support the company, employees, and members as financial challenges continued?
Absolutely nothing.
They haven’t cut their compensation this year, and they (and their spouses/partners) still had a fully-paid, multi-day retreat a few months ago at Terranea Resort.
Meanwhile, as the current administration and Congressional majority have spent the past year trying to gut government-subsidized healthcare at every opportunity, here’s Molina's lead director, spending time with the President, and promoting it on social media:
https://imgur.com/RtmjqkF
How is this not a conflict of interest? Over $400,000 a year, and publicly associating with someone trying to undermine Molina’s business. Stockholders should find themselves some new directors.