Saturday, April 3, 2010

80 cents on the dollar
If it had been a man, he'd been fired
"WellPoint CEO Gets 51 Percent Compensation Boost"

Compiled from ABC News


Angela Braly, president and CEO of WellPoint Inc. received a 51 percent boost in compensation in 2009, from $8.7 million in 2008 to $13.1 million. Braly has been CEO of WellPoint since May 2007.

During the year, the value of Braly's perks rose 72 percent to $292,036, mainly on higher security costs for Braly as the debate over the health care overhaul became more and more heated.

WellPoint became a focal point for debate in February after complaints spread about planned rate hikes that average around 25 percent.

The Obama administration criticized the increases and used them to re-ignite its push for reform, which passed Congress and was signed into law last month. Administration officials criticized the insurer for asking for such steep rate increases when it made a profit of $2.7 billion in the final quarter of 2009.

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