Great Idea, Let Customers Say If Executives Get Pay Raise

[Oddball]

 

[Toddsterpatriot]

I can tell most of those replying to this thread didn't read the article.

All of you conservatives should know that this bill is a republican bill.

State representative Michelle Caldier is a REPUBLICAN from Gigi Harbour.

Do you now want to keep bashing this?

From the article:

GIG HARBOR, WA - Many of the largest health insurance companies in Washington are organized as nonprofit corporations, which means they are exempt from paying taxes even as they collect billions from health insurance ratepayers. And some are paying executives and corporate board members — many who work only a few hours per week — six or seven-figure salaries.

State Rep. Michelle Caldier, R-Gig Harbor, doesn't think healthcare nonprofits should be setting such high compensation in private. She's introduced a bill that would establish a public board to oversee nonprofit health insurance compensation.

Under her bill, any nonprofit insurer with a paid board of directors would have to create a board comprised of 10 customers. They would vote annually on board pay, and the pay of the top five highest paid executives. The law would only apply to the top five biggest healthcare nonprofits in the state.

Do you now want to keep bashing this?

Yes.

I'll bash stupid ideas regardless of the author.

And some are paying executives and corporate board members — many who work only a few hours per week — six or seven-figure salaries.

And those people pay taxes on their salary.

 

[Dana7360]

Being a Republican in Washington state makes you a Dem in middle America.

I think this is a great idea.

People who work at the most 12 hours a week should never earn over 1 hundred thousand dollars a year for that little amount of work.

Why is it that it's Important to pay CEOs, board members and executives gross amounts of money but it's not ok to pay workers a living wage?

If it's important to pay those people such gross amounts of money to attract good people why isn't it ok to do the same for the regular workers?

Why should non profits be able to make over a billion dollars a year without the customers having any say to how that money is used? The customers are the ones who are generating that money, they should have a say in how the CEOs, board members and executives get paid.

WA Rep. Wants Health Care CEO, Board Pay Regulated By Customers

And with your first sentence you show you know little about actual business activity.....but thanks for posting....

You might want to tell that to the republican who wrote the bill and is trying to make it law in Washington state.

I've actually owned my own business for a couple of decades. I was so successful I was able to retire financially independent at the age of 54.

What business do you own?

Tell that to cathy mcmorris rogers.

 

[Admiral Rockwell Tory]

Customers already get a say... they can choose to trade, or not trade, with any company with whose compensation policies they disagree.

Investors, likewise, can choose to invest, with companies with whom they agree.

Tell that to the state senator in Washington.

I think they should pass that law, and when every healthcare company pulls out of Washington state, they can all just sit around waiting to die.

I disagree.

What company is going to leave a market that they receive 1.2 billion dollars a year?

What good is that 1.2 billion if you never see any of it because the customers set your salary?

 

[Admiral Rockwell Tory]

I think this is a great idea.

People who work at the most 12 hours a week should never earn over 1 hundred thousand dollars a year for that little amount of work.

Why is it that it's Important to pay CEOs, board members and executives gross amounts of money but it's not ok to pay workers a living wage?

If it's important to pay those people such gross amounts of money to attract good people why isn't it ok to do the same for the regular workers?

Why should non profits be able to make over a billion dollars a year without the customers having any say to how that money is used? The customers are the ones who are generating that money, they should have a say in how the CEOs, board members and executives get paid.

WA Rep. Wants Health Care CEO, Board Pay Regulated By Customers

Possibly the dumbest thing I've read on here...well after any Rdean post

Tell that to the republican who wrote the bill,

I'd be happy too. By the way I'm not a republican

Then write her a letter.

I've been a registered Independent since 1978. So I have no problem with giving credit for a good idea to anyone who has one. It doesn't matter to me what party the person is from.

This is a good idea. I hope it gets passed through the state congress and is signed into law.

OK, you just exposed your idiocy AGAIN!

There is no such thing as a state congress, dumbass!

 

[Admiral Rockwell Tory]

You have never been in business for yourself, obviously.

I think this is a great idea.

People who work at the most 12 hours a week should never earn over 1 hundred thousand dollars a year for that little amount of work.

Why is it that it's Important to pay CEOs, board members and executives gross amounts of money but it's not ok to pay workers a living wage?

If it's important to pay those people such gross amounts of money to attract good people why isn't it ok to do the same for the regular workers?

Why should non profits be able to make over a billion dollars a year without the customers having any say to how that money is used? The customers are the ones who are generating that money, they should have a say in how the CEOs, board members and executives get paid.

WA Rep. Wants Health Care CEO, Board Pay Regulated By Customers

Actually I have.

I owned my own photography business for a couple decades. I was so successful that I was able to retire financially independent at the age of 54.

Have you ever owned a business?

Did your customers set your prices? I am betting your ass they did not.

 

[Admiral Rockwell Tory]

You have never been in business for yourself, obviously.

I think this is a great idea.

People who work at the most 12 hours a week should never earn over 1 hundred thousand dollars a year for that little amount of work.

Why is it that it's Important to pay CEOs, board members and executives gross amounts of money but it's not ok to pay workers a living wage?

If it's important to pay those people such gross amounts of money to attract good people why isn't it ok to do the same for the regular workers?

Why should non profits be able to make over a billion dollars a year without the customers having any say to how that money is used? The customers are the ones who are generating that money, they should have a say in how the CEOs, board members and executives get paid.

WA Rep. Wants Health Care CEO, Board Pay Regulated By Customers

Actually I have.

I owned my own photography business for a couple decades. I was so successful that I was able to retire financially independent at the age of 54.

Have you ever owned a business?

I own my own business. I don't think CEO pay should be capped but I think companies that lay off thoudands to pay executives millions should be considered A-Holes.

That's not what the bill says. It says that a board of consumers would have a say in pay raises for CEOs, executives and board members.

Since those salaries are decided by the board which is packed with people who are all friends and vote to give their friends gross amounts of pay for working only 12 hours a week at most while the workers barely get a living wage working 40 hours a week. Also while customers pay high rates for their coverage while the insurance company doesn't pay very much.

You realize that is a tenet of socialism, not capitalism.