Paper Mache Pigs- Angela Braly
Okay, so I’ll say right up front that Angela Braly is not in the same league as Joe Cassano. As CEO of Wellpoint, a huge health care insurance company in
Consider that Wellpoint made a profit of $4.75 billion in 2009. Okay, so $2 billion was from the sale of one of its drug subsidiaries (of course, a profit is a profit). But even if you take away that sale, the company had a 63% increase in profit from 2008. Under pressure from the Obama administration, Wellpoint announced that it would, “stop canceling customer policies without evidence of fraud or intentional misrepresentation.” By my reading, that statement suggests that much of their profit came from the hideous practice of dumping sick people from their rolls because of innocent mistakes. Even so, Wellpoint is off to a great start this year posting a 51% jump in earnings the first quarter of 2010! So how did Braly and her Board of Directors respond to the great news? Did they talk about the recession and how some people are hurting and how they could really help during a recession by holding the line on premiums? Hell no! They decided to raise rates 30-39%!!! Oh, and they also decided to raise Braly’s total compensation from $8.7 million per year to $13.1 million! Unbelievable! Oink oink oink.
All this caused a bit of a stir on Capital Hill, as it should. Braly was called to defend the company’s actions in front of a Congressional committee. Watch the video below to see her response to some of the questions*.
*accuracy not guaranteed
Speaking of the Wellpoint Board of Directors…last March they collectively sold $10,039,904 worth of stock. So now you know what these people do all day long. They sit around a trough of company money gorging themselves. You see, they are too busy to care about the pain of the average working person struggling to pay for health care.
I must reiterate, in terms of the actual dollar amounts, the actions of Braly (and her Board) aren’t as egregious as other high level mucky mucks in our scandal ridden corporate society. But look, do you really believe that Braly is worth tens of millions of dollars, no matter what she does at work each day? Does anyone really believe that someone like her would put people over profits, if growing profit margins will result in earnings of millions of dollars? Do you really believe that someone making $13 million a year can empathize with the common wage earner? Let them eat cake perhaps?
Categories: uncategorized
Tags: papier mache paper mache corporate congress greed Wellpoint sculpture AIG art technique
Again not one known to me being in the UK. Again how ever i agree Dan one for the 'sty club' for sure. Perfect likeness once more too lol.
Reply to this
Wow Jonty, you were here before the ink dried. Thank you once again. I always appreciate your kind words. In the UK you probably don't have to worry about insurance pigs like this.
Take care
Dan
Reply to this
Oh Dan 'trust me' we 'have' our share. Our politicians recently had a mass public name & shame 'expose campaigne' against each others parties exposing illicit use of expense claims. Our NEW joint governing body had no sooner settled in when the very cabinate minister laying down the law for HOW the countries spending is to be defined was exposed for helping himelf to over £43,000 for his boyfriends house!!!. UK politicians - Don't get me started!. In the houses of parliment they have persian rugs, $400 a 'roll' wall paper, oak desks & panels on walls. The apartments cost anywhere from several hundreds to thousands of pounds!... Each & are re-decrated when a new person moves in!!.
Reply to this
We did hear about that scandal in the US. I can see why you wouldn't want someone else's wallpaper in your tax payer funded apartment. Let's face it, most politicians eat out of the money trough provided by the lobbyists for large corporations. I have a great bumper sticker. It says, "This isn't a democracy, it's an auction." I'm sure it's the same around the planet.
Reply to this
very nice,every one must think about it
Reply to this
The oink is too strong with this one. I am at a loss for words, so again I will have to resort to... Oinkin' oink oink!!
Reply to this
Thank you for the nice comment. I appreciate the sentiment. Oink oink oink.
Dan
Reply to this
Angela Braly deserves this honor you have bestowed on her, I think she is a pig if she cannot see the pain of the average working person struggling to pay for health care because she is too busy counting the millions her company is making.san jose dentist
Reply to this
Hello Andrew,
For some reason this comment got marked as spam and wasn't published. I agree wholeheartedly. She doesn't wake up in the morning worried about her health care. But her gardener does no doubt.
Take care
Dan
Reply to this
this OINK OINK is pretty hilarious and very funny, you guys are just too good man.....
Reply to this
"They sit around a trough of company money gorging themselves." Haha! I'll admit, for the article where I commented last (which I think is your newest pig), I didn't really read the article...I just skimmed down through it. I was mostly fascinated with the paper mache work. However, for this one, I actually read it. I like how this pig is sitting and holding money - it's very different from the last one that I looked at.
Reply to this