During the town hall you could hear how much it pained DC to tell us how much "he" spends on benefits for "us", as if it's a burden. He did the same thing last town hall. He cannot wait to replace us with cheap labor or AI so he can crow to Wall Street about the savings. You'd expect great benefits when working for a healthcare company, but they are not that great. OK wow I get PTO one day to go to the doctor, but it's a $75 copay if they are not Tier 1. I digress. You say you want the best workforce, and for them to be happy and healthy, but you cannot complain about what it takes to have that!
6 replies (most recent on top)
Working at Connecticut General Insurance Company during the 1970’s through the early 1980’s was great. When the merger with INA was completed - forming CIGNA, then the downward spiral began for employees through the mid-1980’s into the 1990’s and 2000’s when hiring practices favored unproductive and problematic management and employees coming from other companies….
I don't really ever want to work for a big publicly traded company ever again. I've done both, private and public, and the big ones that promise the moon have a far worse culture and most of the promises are just lies. If you take a job for a big public company, you should definitely set a time limit on how long you want to work in a soul su-king environment and then move on. Sometimes, they are the best pay in the area, but it never lasts and you always pay in terms of your health, relationships, etc...it never turns out to be a truly rewarding experience, and nobody on their death bed ever says they should have worked for that company longer.
HIs bloated salary is a burden on the company.
Over the years David has eliminated many people in his closest, trusted and loyal inner circle so why would it be any different for the faceless thousands across the enterprise. DC is a CEO, he is not your friend or family and he will choose self-preservation and personal gain over his "colleagues". This is what he is paid to do and this is what stockholders expect (for both of their gain). MOST LIKELY IT WILL BE NO DIFFERENT FOR YOUR NEXT EMPLOYER AS WELL.
It reminds me this story.
On December 11, 1995, a fire destroyed much of the Malden Mills factory in Lawrence, Massachusetts. The owner and CEO at the time was Aaron Feuerstein.
Feuerstein gained national attention when he committed to rebuilding the factory and continuing to pay the salaries of his 1,400 employees during the reconstruction period. He did so for several months, which is seen as an act of exceptional corporate responsibility. Some even remember him as "the mensch who saved Christmas" for ensuring his employees had an income right before the holidays.
This generosity ultimately contributed to the company's financial struggles and eventually led to Feuerstein losing control of the company.
https://www.reuters.com/world/us/aaron-feuerstein-dies-95-paid-idled-workers-after-fire-2021-11-05/
We are investing in people......and laying them off at the same time
Lot of snickering from the peanut gallery where I was sitting throughout the call