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Give him some tax cuts to go with it
I'm not an expert, but wouldn't this almost all be taxed at capital gains rates? And those aren't changing. Even if they are taxed as income, the top rate is (probably) changing from 39.6% to 38.5%, so he'd saving less than 1% on $499 million of this. So where is he getting a big tax cut?
Well, he led the company while its value went from $10 billion to $69 billion in 7 years. Doesn't seem ridiculous.
Yes it does. Aetna employees almost 50,000 people. Aetna owes some success to their CEO. They owe most of their success to their employees.
Earlier quoted context omitted.
Yes it does. Aetna employees almost 50,000 people. Aetna owes some success to their CEO. They owe most of their success to their employees.
Right, because those 50,000 employees were making the major directional decisions for the company, not the C level execs
And, yes: Non-C-level execs make directional decisions all the time. Especially in a company the size of Aetna.
Whatever your politics that $500 million comes from profit in healthcare. Aetna has an economic incentive to denvy as much care as they can. That $500 million to one person is part of the overall cost of healthcare in the U.S. Is this really money well spent on healthcare?
Just like every insurance company? Part of that is from the value of his stock increasing but nonetheless even if it was all from the exit why not if they think they got value for their money?
Yes, which is why insurance for something that's non-optional - health - is so sucky, and sucky enough that the rest of the developed world has decided to largely cut out the middleman.
Oligarchy at its best: Aetna/CVS workers mostly making minimum wage and doing all the work while the CEOs earning insane paychecks. Would this guy really be worse off if he only made 50M and the other 450M would go to the employees?
edit: As commenters below pointed out correct number is $9,000 per employee, which would have made for a pretty awesome Christmas bonus.
If we also include CVS employees (240k) the bonus drops to $1,552 which is still pretty good.
Earlier quoted context omitted.
Yes it does. Aetna employees almost 50,000 people. Aetna owes some success to their CEO. They owe most of their success to their employees.
Right, because those 50,000 employees were making the major directional decisions for the company, not the C level execs
Well, he led the company while its value went from $10 billion to $69 billion in 7 years. Doesn't seem ridiculous.
Yes it does. Aetna employees almost 50,000 people. Aetna owes some success to their CEO. They owe most of their success to their employees.
Who "owes" most of the success in building the house? The labor, or the person employing the labor productively?
Edit: Just to clarify. I genuinely don't know who should get credit for the success of building a house. Both are almost equally as important. However I can say that it seems, maybe, possibly that labor collectively is as important as the single person making all the decision. That is no single laborer is as important as the person trying to get the building made.
Give him some tax cuts to go with it
I'm not an expert, but wouldn't this almost all be taxed at capital gains rates? And those aren't changing. Even if they are taxed as income, the top rate is (probably) changing from 39.6% to 38.5%, so he'd saving less than 1% on $499 million of this. So where is he getting a big tax cut?
Well, he led the company while its value went from $10 billion to $69 billion in 7 years. Doesn't seem ridiculous.