A newly formed function!
Today. January 25, 2024.
While poor earnings report was being delivered.
I can only imagine the compensation for that role.
8 replies (most recent on top)
The new President of Enterprise Growth function and a new CEO .... Shouldn't that be pretty much the same responsibility?? All of this recent news feels like an insult and a huge disappointment in leadership logic.
Bye, bye raises, AIP and benefits for the real people doing the work. Those that were entrusted to perform and make decisions failed. Why have they been given a free pass? And don’t get me started on the horrible leaders in CO. Countless bad decisions, immaturity and shady behavior run amuck over in LS’ shop.
What the &!%$???? Planning a $700 mill cut in admin costs due to $541 mill loss and hiring more execs? This is nuts! SMH .....and to top it off, George's announcement reads 'I am reaching out on the heels of this morning’s announcement regarding David Dintenfass joining Humana .......This is an exciting development for our company,...' Who is he kidding? How is this exciting in the aftermath of a catastrophic Q4 loss which will inevitably result in more job loss?! I saw another post about drinking the Kool-Aid. I haven't drank enough to buy in to this insanity! The timing of BB exit is well planned. Jim Rechtin walked Envision through bankruptcy and now he aboards the Humana Titanic. Folks, it's only going to get more interesting if you decide to stay for the ride, please fasten your seatbelts.
Sorry, it's modernhealthcare.com....(not modern health). Concerning the $700 Million cuts.
Concerning the equity guy; maybe he is in a position with Humana which qualifies him to participate in the incentive program. Most of us are not in a position to qualify for that program. But, good for him if he does! He may be in a more 'critical' role with Humana than the rest of us. Either way, Humana is looking to cut $700 million (more) in administrative costs due to the $541 million loss in Q4 based on Modern Health. No one is save and there will be few left unscathed in my opinion.
Why are people downvoting the equity guy? That’s exactly how the equity program works!
I get equity as part of the incentive plan and I’m not an executive. Got to keep negotiating your benefits at every opportunity. If you are a high performer, ask to be included in the long-term incentive plan. I will reveal that the equity given to me per year has ranged from $15,000 - $50,000. Though the $50,000 year was through an extra award for staying on during the Aetna deal. 1/3 vests every year over 3 years per award. It’s a nice nest egg built up over my 10 years here. And I was put into the Incentive program by just asking during my annual review.
He won't help either. Just another Ivy league guy for middle management to su-k up to.
Paying people subpar wages, lackluster raises, no equity (only executives get stock), cutting employee benefits and not listening to employees are the root of the issues impacting employee morale.
No growth opportunities to move internal. Apply for roles only to be rejected or ghosted. It demotivates associates.
Too many layers of management. Too many leaders focused on people above them than actually listening to their employees on what problems exist and how to solve them.
Without motivated employees, nothing will move the needle. Having executives get rich while the worker bees get poorer, is not motivating employees.