Tuesday, March 8, 2011

BCBSMA Former CEO's Goodbye Package

$11M is quite the goodbye present for Cleve Killingsworth, particularly since he worked for a not for profit health insurer:

http://www.healthleadersmedia.com/content/HR-263382/ExBlues-CEOs-11M-Severance-Package-Slaps-Policyholders

But it was approved by the Board in 2005 as the article notes. But as is also noted board members collect anywhere from $55-90,000 in annual salary so what do they care?

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