The insurance giant Cigna last year gave compensation packages worth more than $120 million to two executives who left the company, according to a filing with the SEC on Friday.
The vast majority of that total went to former chairman and CEO H. Edward Hanway who left his post with a retirement package worth $110.9 million -- which included $18.8 million in executive compensation for 2009, as well as a healthy pension plan, deferred compensation and stock options.
This problem is hardly limited to Cigna or health insurers. 37 HMO executives grabbed $277 Million for themselves in 2007.
We need single payer so we can put these fuckers out of business for good.