Wendell Potter
๐ค SpeakerAppearances Over Time
Podcast Appearances
But that's eroding as well, too. That's not growing either because small employers can't participate in this anymore. And even large employers are saying this is not sustainable. It's bound to collapse at some point. It's just a matter of when, in my view.
But that's eroding as well, too. That's not growing either because small employers can't participate in this anymore. And even large employers are saying this is not sustainable. It's bound to collapse at some point. It's just a matter of when, in my view.
That person will always be anonymous. You will never know who that person is by design. That person remains anonymous. You'll never know the person's name. That particular little girl who needed the cochlear implants She was insured by Cigna. One of the jobs that I had was to discredit Michael Moore when his movie Sicko came out. I had to know what the movie was about.
That person will always be anonymous. You will never know who that person is by design. That person remains anonymous. You'll never know the person's name. That particular little girl who needed the cochlear implants She was insured by Cigna. One of the jobs that I had was to discredit Michael Moore when his movie Sicko came out. I had to know what the movie was about.
That person will always be anonymous. You will never know who that person is by design. That person remains anonymous. You'll never know the person's name. That particular little girl who needed the cochlear implants She was insured by Cigna. One of the jobs that I had was to discredit Michael Moore when his movie Sicko came out. I had to know what the movie was about.
So I flew from Philadelphia to Sacramento to the first screening of that movie to know how Cigna was being portrayed. And that was one of the cases that was in the movie. And I knew it was a real one. And you're exactly right. Somebody at the company decided, well, this little girl can get by with just one, even though she needed to. She can manage with just one.
So I flew from Philadelphia to Sacramento to the first screening of that movie to know how Cigna was being portrayed. And that was one of the cases that was in the movie. And I knew it was a real one. And you're exactly right. Somebody at the company decided, well, this little girl can get by with just one, even though she needed to. She can manage with just one.
So I flew from Philadelphia to Sacramento to the first screening of that movie to know how Cigna was being portrayed. And that was one of the cases that was in the movie. And I knew it was a real one. And you're exactly right. Somebody at the company decided, well, this little girl can get by with just one, even though she needed to. She can manage with just one.
This happens all the time because these people can remain anonymous and they're so far removed. They never examine the patient. They might see some paperwork or at least something scanned to them, faxed to them, whatever. In many cases, still faxed. But they're at such a distance, they have no real understanding of what that patient is going through.
This happens all the time because these people can remain anonymous and they're so far removed. They never examine the patient. They might see some paperwork or at least something scanned to them, faxed to them, whatever. In many cases, still faxed. But they're at such a distance, they have no real understanding of what that patient is going through.
This happens all the time because these people can remain anonymous and they're so far removed. They never examine the patient. They might see some paperwork or at least something scanned to them, faxed to them, whatever. In many cases, still faxed. But they're at such a distance, they have no real understanding of what that patient is going through.
Yeah, this is typical. And that was another thing that I had to handle when I was at Cigna, executive compensation. And big companies have disclosed what the top paid executives are paid. And the compensation is extraordinary. Here's the other thing about that. 90%, and this was a talking point that I used, and reporters bought it and thought that justifies the big paycheck.
Yeah, this is typical. And that was another thing that I had to handle when I was at Cigna, executive compensation. And big companies have disclosed what the top paid executives are paid. And the compensation is extraordinary. Here's the other thing about that. 90%, and this was a talking point that I used, and reporters bought it and thought that justifies the big paycheck.
Yeah, this is typical. And that was another thing that I had to handle when I was at Cigna, executive compensation. And big companies have disclosed what the top paid executives are paid. And the compensation is extraordinary. Here's the other thing about that. 90%, and this was a talking point that I used, and reporters bought it and thought that justifies the big paycheck.
90% of his compensation, I would say, was at risk. In other words, he was paid in stock grants and stock options. When you step and think about that, that means that he's more beholden to Wall Street, to these investors, than anybody else in the company. So his motivation is always to make sure that those shareholders are happy.
90% of his compensation, I would say, was at risk. In other words, he was paid in stock grants and stock options. When you step and think about that, that means that he's more beholden to Wall Street, to these investors, than anybody else in the company. So his motivation is always to make sure that those shareholders are happy.
90% of his compensation, I would say, was at risk. In other words, he was paid in stock grants and stock options. When you step and think about that, that means that he's more beholden to Wall Street, to these investors, than anybody else in the company. So his motivation is always to make sure that those shareholders are happy.
If the company reports earnings that disappoint Wall Street, then your net worth is going to decrease. And this guy, Brian Thompson, who was murdered, was one of the top executives. And similar deal. You're paid primarily in stock. And he was in New York that day on December the 4th at UnitedHealth's Investor Day. It's something I used to plan for Cignet.
If the company reports earnings that disappoint Wall Street, then your net worth is going to decrease. And this guy, Brian Thompson, who was murdered, was one of the top executives. And similar deal. You're paid primarily in stock. And he was in New York that day on December the 4th at UnitedHealth's Investor Day. It's something I used to plan for Cignet.
If the company reports earnings that disappoint Wall Street, then your net worth is going to decrease. And this guy, Brian Thompson, who was murdered, was one of the top executives. And similar deal. You're paid primarily in stock. And he was in New York that day on December the 4th at UnitedHealth's Investor Day. It's something I used to plan for Cignet.