TV News LIES

Monday, Jun 16th

Last update01:16:30 AM GMT

You are here News Economy Excellus board voted itself a 37 percent pay raise

Excellus board voted itself a 37 percent pay raise

E-mail Print PDF

The raises for the 17 outside directors came at the same time the nonprofit insurer lost money on its operations and cut the pay of its top executives.

The same year, Excellus increased health insurance rates on average 8 percent. For 2010, the insurer raised its rates an average of 8.8 percent. Both years, some customers saw substantially higher rate increases.

The board meets five times a year. Directors attend these meetings over a two-day period along with committee meetings, according to Excellus spokeswoman Elizabeth Martin. There are more than 40 committee and ad hoc committee meetings annually.

More...


Most Recent Related Stories...


Federal cuts hit farmers and food banks: 'It really hurts'

Food pantrySylvia Tisdale believes in feeding the hungry so much that, at 70 years old, she attempted...

Trump says he is doubling tariffs on imported steel to 50% – as it happened

 Trump raises steel tariffs to 50% Donald Trump made a surprise announcement doubling tariffs on imported steel and aluminum from 25% to...

Procter & Gamble to cut up to 7,000 jobs amid economic and tariff pressure

P&G to cut 7,000 jobsProcter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce,...

Federal Trade Court Blocks Trump From Imposing Sweeping Tariffs Under Emergency Powers Law

Court of Int'l TradeA federal trade court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!