Tag: CEOs

Well according to this former HMO Medical Director, she traded Necessary Patients Care, for Career Advancement and a 6-figure Salary:

Linda Peeno MD, testifies



http://www.youtube.com/watch?v…

Question: Are the Patients, who are Denied Care, to save the Insurance Companies Money — DO those Patients have a RIGHT to their Health Care?

Or are Those Patients simply a Commodity — a “Cost Center” — that must be constantly constrained?  

Former CIGNA Exec Wendell Potter, says Michael Moore was right!



http://www.youtube.com/watch?v…

WENDELL POTTER: I thought that he hit the nail on the head with his movie.

But the [Insurance] Industry, from the moment that the Industry learned that Michael Moore was taking on the health care industry, it was really concerned.

BILL MOYERS: What were they afraid of?

WENDELL POTTER: They were afraid that people would believe Michael Moore.

The Speaker of the House, took a break from serious legislation, to spell out their plan for Messaging …

http://www.youtube.com/watch?v…

Nancy Pelosi:

You see CEOs of these Industries making millions of dollars a year — indeed many of them a million dollars a month — for their ‘Leadership’ in withholding benefits, to people in NEED of Health.

let the Drum beating, begin …

Time after time we see layoffs as the solution to a company’s woes.  For example, of the 598,000 newly unemployed individuals in the US in January of 2009, 163,000 of these were laid off from the 500 largest US companies.  Some lowlights:

Jan. 26: Following the acquisition of the small drug outfit Wyeth for $68 billion, Pfizer closes five factories and cuts 15% of total workforce (19,000 workers).

Jan. 26: Sprint Nextel pink-slips 8,000 workers–recording more than $300 million in severance charges but saving $1.2 billion a year in labor costs.

Jan. 30: Caterpillar increases previous layoffs from 20,000 to 22,110, and share price hits 52-week low.

Here’s the question: does this really help a company?

Here’s the answer: probably not.

Another question:  what would help these companies?

Another answer: replace the management!

We’ve heard some whining about President Obama forcing out GM CEO Waggoner.  Maybe he’s onto something?