Great Idea, Let Customers Say If Executives Get Pay Raise

[Dana7360]

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

 

[deannalw]

That's fucked up.

 

[Dana7360]

That's fucked up.

Which?

The idea or what's been going on with non profits at the expense of everyone else?

 

[fncceo]

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.

 

[Toddsterpatriot]

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

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.

You should definitely use that policy in every company you own.

 

[Dana7360]

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.

 

[Dana7360]

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

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.

You should definitely use that policy in every company you own.

Tell that to the state senator who wrote the bill.

 

[BuckToothMoron]

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.

These are nonprofit companies, so investors are not really in the picture.

 

[BuckToothMoron]

It sounds bad on the surface, but without knowing all the facts and details, I can say a person working only 12 hours a week isnt worth $100k per year. Go ahead, ask me how anybody only working 12 hours a week for a nonprofit is worth $100k per year. I’ll give you a hint....influence.

 

[fncceo]

I can say a person working only 12 hours a week isnt worth $100k per year.

That totally depends on what he or she does during this 12 hours.

Labor does not equal value as anyone who digs ditches or washes dishes for a.living knows all too well.

 

[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.

 

[fncceo]

Tell that to the state senator who wrote the bill.

I will once again dust off my favorite quote concerning government and commerce.

"When buying and selling are legislated, the first thing to be bought and sold are legislators".

-- P.J. O'Rourke

 

[Papageorgio]

What a bad idea, the state will not have any insurance companies left, way to screw over your citizens, hopefully the rest of the legislature will see how stupid and dangerous this idea really is.

 

[AsianTrumpSupporter]

Nah, but I admit it’d be hilarious to see what the liberal faggots who run cable TV companies would end up earning under such a system.

 

[Claudette]

Boards of Directors set pay for their people.

Its up to them to decide what they are worth.

 

[easyt65]

This idea equates to allowing citizens to actually decide how much their federal politicians are paid and if and when they get pay raises.

The power to make this lies in the hands of those getying paid / giving themselves raises and bonuses....thus IT WILL NEVER HAPPEN.

 

[Harpy Eagle]

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

ObamaCare basically did that for hospitals. Medicare reimbursement rates are based on patient satisfaction rating. Now hospitals are spending billions on making themselves more like hotels at the cost of actual medical staff.

On the surface this seems a good idea, till you realize that what is good for a patient is not always what makes them happy. The 300 pound non-compliant diabetic that was not allowed to eat a pizza she ordered does not give a good rating nor does the 65 year old cancer patient that is POed because they will not unhook him from the oxygen and take out his IVs so he can go down and smoke.

 

[iceberg]

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

it's a company that has a right to run it the way they choose to. having a bunch of emo-based whiners on some social justice mission is no way of conducting business.

 

[Dana7360]

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?

 

[Dana7360]

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.