Executive payouts in rude health
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 7 December 2017
⏱️ 15 minutes
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| 0:00.0 | AI is incredible. They can teach you how to fry an egg and even write a poem, pirate style. |
| 0:07.0 | But it knows nothing about your work. Slackbot is different. It doesn't just know the facts. |
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| 0:28.8 | to learn more. The views expressed on this podcast are those of the participants, not of Reuters news. |
| 0:40.3 | Does a company boss deserve a $500 million payout for a successful merger? |
| 0:45.3 | And why are health insurance companies jumping into bed with what at times seem to be completely different companies? |
| 0:51.3 | These are the questions we'll be tackling on this edition of |
| 0:54.2 | the Views Room, a weekly conversation among Breaking Views columnists about the ups and downs of the |
| 0:58.8 | world of finance. I'm your host, Anthony Curry. So, Etna Chief Executive Mark Bertolini is |
| 1:05.8 | bagging half a billion dollars just from selling the insurance company to drug store chain operator CVS |
| 1:13.0 | health. It's almost perfectly timed for the coming tax cuts that Trump administration is about |
| 1:18.0 | to gift to the Uber wealthy. But does Bertolini deserve it? Join me to work this out is our very |
| 1:23.7 | own Rob Siren. Hey Rob, how you doing? How's it going? Good. So, does he? I mean, why is he getting half a billion dollars? |
| 1:30.2 | Well, it's both he doesn't, he doesn't. Let's start with... |
| 1:33.8 | So... You're... You don't you hedge your answers, young man. |
| 1:36.6 | The answer is no. Okay, let's just go with that. So Edna's done really well for its shareholders. |
| 1:41.8 | Over the past, since he became CEO in 2010, the |
| 1:46.1 | stock's gone up sixfold. I take that. Investors are pretty happy with that. And a lot |
| 1:52.6 | of the money he's earned is basically, so he got paid a lot, he gets paid a lot per year. |
| 1:56.6 | He got paid about $17 million last year, I think it was. And he's got that in stock and options, |
... |
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