- Joined
- Oct 27, 2021
Who's the billionaire? Not Brian Thompson (reportedly $43M nw), not even Andrew Witty (reportedly $40-60M nw).Nigga it's not working if even a single woman gets bankrupted for having a fucking babay in hospital you clown child lmao
Since when does being in charge of a company mean you need to be a billionaire, retard?????? Your cock guzzling for capitalism is showing close your mouth and swallow elons cum loser
However,
some of their predecessors are, and others are rolling, too:
* Topical trivia? Mikan's father was a pro basketball player in the 1940s and 50s for the Minnesota Lakers. In college,
His story in the pros is pretty amazing, worth a read. Known as Mr. Basketball, he was considered the father of modern ball. After retiring ftom the League, he was a lawyer and in real estate.
Coda:
- Steve Hemsley - former UHG CEO and Chair since 2017, est. $700M-$1.2B (hard to pinpoint nw, but he was UHG CEO a long and massively exploding decade, has been Chair since 2017. Started at Arthur Andersen. Also netted around $84.9M earlier this year in one fell swoop, selling UNH stock around the same time as Thompson sold $15M worth. But even way back in 2010 his comp hit over $100M.
- Bill McGuire (pre-Hemsley and the one who made it a massive player) est. $1.2-1.6B.
- Dave Wichmann, Hemsley's successor and Witty's predecessor for just a few years (2017-2021), was basically homegrown after having been at Arthur Andersen. Wichmann received $142M comp in 2021 ($40-50M in 2020 and 2019) - and he didn't do shit. ...But also got let go. Now a director at Boston Scientific. Probably around $500M.
- A former EVP at UHG (there are only a couple), and another Arthur Andersen alum, G. Mike Mikan*, had oversight of M&A - BT's boss's boss. Just 53 now, he went to UHG in 1998 and was already EVP when BT was just a wee Director. Forbes 40 under 40. Mikan made a bundle at UHG but left in 2012 to lead Best Buy. More recently, he made $180M in 2021 at his now-gig, making him the top-compensated fintech ("insurtech") guy that year (co went public that year; afterward he was back to a fraction, as was the stock, but still makes 8 figures). The company has renamed and presumably retooled - in 2023, "after being compelled to pay $380 million in risk adjustment payments to health plans, selling its Medicare Advantage business for less than expected, being put into receivership in Texas, finalizing a reverse stock split to avoid delisting from the New York Stock Exchange, posting a net loss of $1.3 billion last year and laying off staff," the company gave him a $1.95 million cash bonus.
- Gail Boudreaux, the Anthem (now Elevance) CEO, who shows up as #4 to Witty's #5 in a list of top-paid insurance execs, was another UHG EVP for many years and spent a few years as UHC CEO. She left when Wichmann moved up to UHG CEO. Est net worth $235M.
- Another former UHG EVP, once a contender for UHG CEO, is Richard Anderson, est. $121M. He left UHG to become CEO at Delta, was making 8 figures/year and got $74M stock as a parting gift, then took a short contract to lead Amtrak. Interesting start to his career.
* Topical trivia? Mikan's father was a pro basketball player in the 1940s and 50s for the Minnesota Lakers. In college,
Mikan was named NCAA College Player of the Year twice, in 1945 and 1946. He was an All-American three times, leading DePaul to the National Invitation Tournament (NIT) title in 1945. Mikan led the nation in scoring with 23.9 points per game in 1944-1945 and 23.1 in 1945-1946. When DePaul won the 1945 NIT, Mikan was named most valuable player for scoring 120 points in three games, including 53 points in a 97-53 win over Rhode Island, outscoring the entire Rhode Island team.
His story in the pros is pretty amazing, worth a read. Known as Mr. Basketball, he was considered the father of modern ball. After retiring ftom the League, he was a lawyer and in real estate.
Coda:
In his late years, Mikan fought with diabetes and failing kidneys, and eventually, his illness caused his right leg to be amputated below the knee. When the insurance was cut off, Mikan soon battled severe financial trouble. He fought a long and protracted legal battle against the NBA and the NBA Player's Union, protesting the low, $1,700 a month pensions for players who had retired before 1965, the so-called "big money era." According to Mel Davis of the National Basketball Retired Players Union, this battle kept him going, because Mikan hoped to be alive when a new collective bargaining agreement would finally vindicate his generation. In 2005, however, his condition declined.
You can do the same in the U.S. It's called paying out of pocket.However in countries like Canada and the UK you can just pay to do various things privately.