Thread regarding Centene Corp. layoffs

10-K shows executive compensation

Every company has to file Form 10-K that shows executive compensation.

Link: https://www.sec.gov/Archives/edgar/data/1071739/000107173922000286/a2022063010-qexhibit103.htm

Today we will learn about CFO compensation:

  • Base salary of $1,100,000 for 2023
  • Base salary may not be decreased during the Employment Term

Annual Incentives:

  • Annual Standard bonus - 125% to 250% of Base salary
  • Annual Special bonus - TBD by board
  • Short Term Bonus - TBD by board
  • Long Term Bonus - TBD by board
  • Annual Cash Award - 100% of Base salary
  • $6 million of stock option for 2023

Total target level of compensation for the Executive for 2023 will be at least $8,900,000

Board of Directors have decided that EACH executive WILL MAKE no less than $8.9M

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| 1081 views | | 6 replies (last October 19, 2023) | Reply
Post ID: @OP+1p7MrwQG

6 replies (most recent on top)

Yes and? What's your point here. Executives in F50 organizations are well-compensated.

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Post ID: @3ofw+1p7MrwQG

Welcome to the truth of big for profit organizations. This is why the divide between the middle class is shrinking. Rich get richer and poor get poorer. It's happening in our govt and across most industries across all the US. Go work for a disruptor org and understand these large corps don't care about you as anindividual.

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Post ID: @2kud+1p7MrwQG

so they can raise the wages for the top 1% but cant raise the wages for those who barely make enough in the first place. most NYC workers are practically living check to check.

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Post ID: @1xhy+1p7MrwQG

Drew has work a lot of years in healthcare, I don't think anyone can say that of Sarah London and she makes even more, it defeats logic she makes that money when she is not founder neither capable or a veteran in the industry, it just makes you question some of the core values of ethics and hard work .

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Post ID: @1eny+1p7MrwQG

@1kkh+1p7MrwQG

Correct - just reiterating that you need to aspire and be ambitious to be a CFO

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Post ID: @1avi+1p7MrwQG

and knowing this is supposed to do what? show is in writing what we already knew? that they make more money in a year than most of us and our families will see in a lifetime?

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Post ID: @1kkh+1p7MrwQG

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