Thread regarding Humana Inc. layoffs

While Humana leaders told dozens of employees recently they'd have to reapply for their jobs, the company's five top executives saw their bank accounts balloon at the end of last year.

A key reason for the jump stemmed from revisions to the way compensation is calculated for top officers. The packages for 2016 disclosed on Wednesday represent an accumulation of three years of some compensation, from 2014 to 1016, plus performance bonuses that weren't given in 2015. They were awarded last year.

The result is a proxy statement that gives the impression that each executive's package soared last year by at least 90 percent over 2015. Bruce Broussard, the chief executive officer and president, for instance, received $19.7 million for 2016. That compared with $10.3 million in 2015. The other top four officers each saw increases of at least $2 million more last year. The five executives received a combined $19 million more last year compared with 2015, according to documents filed Wednesday with the Securities and Exchange Commission.

Here's a snapshot of the packages as reported in the latest proxy statement:

Broussard: Salary of $1.2 million, with more than $15 million stock and option awards and nearly $2 million in incentive pay. Total package of $19.7 million – or a 91-percent increase over the $10.3 million the prior year.

Brian Kane, senior vice president and chief financial officer: Salary of $636,254, with $2.6 million in stock and option awards and $677,610 in incentive pay. Total package of $4.8 million – a 105-percent increase over the $2.3 million the prior year.

This from the Louisville paper.

GREED. Plain and simple. GREED. They think they see the end of insurance companies so they are making as much cash for themselves as they can. We are expendable. And that filters down to our customers also. Coverage is not what it used to be and now we all know why.

Humana media states that there are 1400 jobs available (conveniently that is more than the 1300 they laid off) but when you review our career sites it shows on the right corner that there are about 434 available jobs.. I know the reqs may have more than 1 position availability but come on Humana.. where are the 1400 jobs that you spoke of in the media?

It's called capitalism. Want to live in a socialist nation then move. You can't complain about corporate greed when your life is built around corporations

If there were 1400 jobs that DID align with the skills of those riffed... That would be the real expose. You seem to be under some delusion that the shareholders or anyone else give a damn about you. They don't. If Bruce Blowhard can make cuts and make money for them then they are okay with it. If cutting jobs means lower premiums then the members are happy. That American greed as you call it has funded your 401k and the American pipe dream for generations.

The problems you are talking about are not seen as problems by the people who make the rules. That's not Humana, it's not BB it's not your coach. Need to change the rules of the game my friend and that won't get done letting off steam on here. Good luck for the future.

What expose? The company did a massive layoff. The news all covered it. And that more layoffs are coming. What expose do you think is there? There is none.

That sums it up! Be sure if you are left with a position right now that you get your resume prepared. You will soon be laid off. While the corporate heads make financial gains, others are left to enjoy the holidays trying to find new work. Goes to show that they don't practice what they preach.

Their provided spin zone is a pile of vomit. They propose that there are 1400 + positions available in the company... although true, they are not in alignment with the work force the just fired. So in reality, nothing is available unless you have an IT background or have a specific specialty they are looking for. Those that were laid off, don't fit the majority of the job roles being offered.

So what of the families that are struggling and those that were laid off 1.5 months after hire? What about those that did their best to be loyal to the company? We get a severance, a pat on the rear, and a 30 days to work with Right Management (a recruiting company). We get invited to webinars that are trying to convince us that "You CAN find a job during the holidays". All the while Marx, BB, Huval and the company sit back and read their market gains and watching millions of dollars get slid into their bank accounts.

American Greed.

Where is the media... I believe it is time for an expose...