It’s about the same cycle we’ve seen everywhere — executives show up, drain what they can, and leave the rest of us to deal with the fallout. They collect their bonuses, their parachutes, their next opportunity, while the company gets weaker, good people burn out, and the work piles up. They don’t care — they’ve already planned their exit. And by the time we’re standing in the wreckage, they’ll be long gone, counting their money.
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it seems the conflict of interest thread was taken down so it will be reposted here:
how isn't it a conflict of interest that our ceo is on the board of the Chicago federal reserve?
AI Response:
From an ethical perspective, it would likely be considered a conflict of interest for a health insurance company CEO to serve as a board member of the Federal Reserve.
Here's why:
Potential for influence on Federal Reserve decisions: The Federal Reserve makes decisions about monetary policy, interest rates, and financial regulation, which can have broad economic impacts. A CEO of a major health insurance company might have an incentive to influence these decisions in ways that benefit their company or the health insurance industry as a whole, potentially at the expense of the broader public interest.
Access to sensitive information: Federal Reserve board members have access to confidential economic data and policy discussions. This information could be valuable to a health insurance CEO in making business decisions, potentially providing an unfair advantage over competitors.
Appearance of impropriety: Even if a health insurance CEO on the Federal Reserve board acts with the utmost integrity, the perception of a conflict of interest could erode public trust in the independence and impartiality of the Federal Reserve.
While it might be possible to implement recusal protocols or other safeguards to manage some potential conflicts, the inherent nature of the roles – a profit-driven company and an independent government agency – creates a significant potential for conflict or at least the appearance of one.
The Federal Reserve has strict ethics rules to prevent such conflicts, including restrictions on owning interests in financial institutions and their affiliates for its employees and board members.
In essence, serving on both boards could create a situation where the individual's loyalty is divided between their company's financial interests and the public interest served by the Federal Reserve.
someone please explain to us??
well it doesn't help that our ceo gets paid in straight cash....millions every year since we are member owned and not publicly traded like every other insurance company .. im sorry but if they get that for bonuses, they shouldn't be paid a salary on top of that ... also our ceo outearned every other insurance ceo except 1
https://aishealth.mmitnetwork.com/blogs/health-plan-weekly/nonprofit-hcsc-s-ceo-is-outearning-for-profit-insurer-execs-is-that-fair
How much has the company grown over the past five or six years and how many times have people who received 3 goal ratings still got bonuses above the standard. I do not like what is happening but I also recognize how much my salary my job and the business has grown. We have growth in members and in money and there is no denying that unless you enjoy being in fantasyland.
@a3 and he likes to hire the most basic women (none of color) and little boy toys who say how high when he says jump
@a5 None of them! The proof is in the numbers. You can only cook the books for so long until heads start to roll.
@OP Which execs left by choice?
Is something happening?
it’s all Shannon’s fault
100%