This post has nothing to do with all the other threads, just good morning, I hope you have a good day.
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While Humana leaders told dozens of employees recently they'd have to reapply for their jobs, the company's five top executives saw their bank accounts balloon at the end of last year.
A key reason for the jump stemmed from revisions to the way compensation is calculated for top officers. The packages for 2016 disclosed on Wednesday represent an accumulation of three years of some compensation, from 2014 to 1016, plus performance bonuses that weren't given in 2015. They were awarded last year.
The result is a proxy statement that gives the impression that each executive's package soared last year by at least 90 percent over 2015. Bruce Broussard, the chief executive officer and president, for instance, received $19.7 million for 2016. That compared with $10.3 million in 2015. The other top four officers each saw increases of at least $2 million more last year. The five executives received a combined $19 million more last year compared with 2015, according to documents filed Wednesday with the Securities and Exchange Commission.
Here's a snapshot of the packages as reported in the latest proxy statement:
Broussard: Salary of $1.2 million, with more than $15 million stock and option awards and nearly $2 million in incentive pay. Total package of $19.7 million – or a 91-percent increase over the $10.3 million the prior year.
Brian Kane, senior vice president and chief financial officer: Salary of $636,254, with $2.6 million in stock and option awards and $677,610 in incentive pay. Total package of $4.8 million – a 105-percent increase over the $2.3 million the prior year.
This is from Louisville newspaper. This is stuff all of us don't see all over the country. While you lose your jobs, they get bonuses. and mighty big ones. Something is wrong here.
Your income, combined goes into THEIR pockets.
Good morning!