So I guess you don't want to discuss how much ceo's in health insurance get paid. It is quite a lot for such a low margin business.
Yes those ceo's are hardly making anything:
Top 50 Highest-Paid CEOs - ABC News
First maybe idiots like you need a little financial education!
Definition of '
Gross Profit Margin'
A financial metric used to assess a firm's financial health by revealing the proportion of money left over from revenues after accounting for the cost of goods sold. Gross profit margin serves as the source for paying additional expenses and future savings.
UnitedHealth Group Gross Profit Margin (Quarterly):23.99% for March 31, 2014
AGAIN after deducting cost of goods i.e. CLAIMS paid out... leaves.. 23.99%...
So idiot what are the gross REVENUES of United Healthcare??
2011 Full Year Revenues of $102 Billion
in 2011 Net Income Before Tax 7.383 billion.. or 6%!!!!
Now what was United HealthCare's CEO the HIGHEST PAID CEO... Stephen J. Hemsley
A) Salary as a percent of gross profit margin?
United Gross Operating expenses were 23.99% of $ 102 billion or $24 billion...
A) Hemsley salary (HIS SALARY) $1.30 million or 0.005% of the $24 billion!
B) Hemsley bonus $3.4 million or 0.013%!
C) Hemsley had stock options which he exercised... I.E. HE PAID out of his own pocket to buy stock at a lower price!
His capital gains were $43.5 million WHICH DID NOT COME FROM the company's cost of doing business so why is it counted as compensation????
Do you comprehend the gross misinformations idiots like you are laboring under???
The so called "compensation" of $48 million makes it appear the COMPANY PAID Hemsley i.e. COMPENSATED out of revenues !
THEY didn't! He paid for stock options out of his own money and the stock appreciated! HAD NOTHING to do with the company PAYING his $43.5 million!!!
Stephen J Hemsley has been CEO of UnitedHealth Group
(UNH) for 5 years.
Mr. Hemsley has been with the company for 15 years.
The 59 year old executive ranks 2 within Health Care Equipment & Services
- Hemsley compared to median of CEOs of Health Care Equipment & Services Medians
- Salary $1.30 mil $1.02 mil
- Bonus $3.40 mil $1.61 mil
- Other $0.58 mil $1.40 mil
- Stock Gains $43.55 mil $1.00 mil
- Total $48.835 mil $7.89 mil
#8 Stephen J Hemsley - Forbes.com
So until you idiots learn how to comprehend what these so-called EVIL CEOs being paid millions... get some facts!
over 70% of the so called "compensation" IS NOT included in the operating expenses of the company!
DO YOU UNDERSTAND???