Strange Tony,
Health insurance consumers often buy coverage on the basis of price. One might expect a Chief Consumer Officer to do their part to keep premiums down. Not Humana, our looming 40% owner.
Humana's Chief Consumer Officer Jody Bilney exercised stock options worth $8.5 million. Her net proceeds from the sale amount to $4.3 million.
In weeks Humana and two financial rapscallions will buy Kindred's home health, hospice and community care divisions. Many hard working, dedicated Kindred employees have gone years without raises.
Financial rapscallions did the following to employees of one acquired company: They "eliminated positions, loading responsibilities onto other workers. Schedules became unpredictable. Employees had to pay more for fewer benefits." That is Gentiva/Kindred at Home's likely fate, especially given the obscene levels of debt being loaded on our company.
Chief Consumer Officer Bilney just got hers. I'm not sure how $4.3 million in stock option compensation will enable her to empathize with consumers struggling to keep outrageously expensive health insurance coverage. I expect it will be a hindrance to her performing her job on behalf of consumers, however it will help her relate to board members, fellow executives and our new financial rapscallion owners. She might take a chunk of her new wealth and become a TPG Capital or WCAS investor.
Lord, give us joy and peace as our earthly takeover occurs. Protect us from arbitrary management decisions and actions inspired by greed. Keep our hearts humble and focused on loving you and your beloved children.
Anonymous
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