Are we in massive debt over HIH? Is that why so many quality people are being laid off? To pay off that debt?
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@ep Employees did get bonuses during Covid. It was just merit increases that were frozen for one year.
@ep Wasn't he on the board of US-India Business Relations or something around the time of the Financial Crisis? Odd time to join.
Had I known about this bonus he got around COVID I probably would not have joined the company. So called "leader" but there's a lot like him in management now in the company so...
Off-topic but remember when employees couldn't receive bonuses or raises because of Covid. But DC got a ridiculous bonus. Says a lot about how much he cares about the company.
No. We are moderately leveraged — not low‑debt, but not highly risky. A D/E ratio under 1.0 is generally considered healthy. About41% of Cigna’s capital structure is long‑term debt. Our long‑term debt load is stable and consistent with prior years. This is only about increasing earnings to boost stock prices.
@cy Cool so profiting off of and betraying Americans but taking our dollars to help the Indian middle class. Sounds parasitic.
@aa HIH gets free meals, 56 paid days off a year, free transportation to and from work, subsidized day care and contributions to their Employee Provident Fund (equivalent to our 401k). The average HIH developer gets 40-50k a year US equivalent.
@aa costs $1.5B, but how much revenue did it generate back to Cigna????? What a crock of shyte.
@aa So Cordani and Evako kicking the ladder from behind them so the rest of us can not have what they enjoyed. Got it.
No debt. Those foreign workers are much cheaper. And no 401k, no insurance, no taxes. Remember that town hall last year where Dave C. complained that Cigna employee benefits cost something like $1.5B in 2024? Easiest ways to reduce that and create some shareholder value is to cut some jobs and move a lot of others offshore.
No, maybe, and yes
No.