NewsTalk

Welcome to the archives for NewsTalk, an IBJ blog published from November 2007 through December 2010.

WellPoint brass and rank-and-file

January 16, 2009
WellPoint unwittingly made an interesting point this morning when it announced it expects to save $24 million by laying off 600 workers.

Those 600 workers in affect are being valued at about half the $47.5 million in total compensation received by the companyâ??s top seven executives in 2007.

WellPoint in the past has gone to great lengths to emphasize the bulk of that executive compensation was generated by incentives based on company performance â?? in other words, that the execs earned their keep. In 2007, nearly 83 percent of their pay was in WellPoint stock and options grants.

How do you feel about these gaps? Are the brass worth the money?
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