Uncategorized

NC Blue Cross – 2008 Executive and Board Compensation

We post the official executive compensation document from the NC Department of Insurance. Some highlights:

CEO Bob Greczyn: $3.99 million [$759,000 raise] COO [And UNC Board of Governors member] Brad Wilson: $1.78 million [$433,500 raise]

For simply serving on the nonprofit Blue Cross board, folks with other full-time jobs like Harold Martin, a top UNC university official, were paid $35,000 – $50,000. (Martin received $39,526.)

Lots of people losing their jobs in NC right now – but BC looks like a growth industry.

6 Comments


  1. Eugene Barufkin

    March 5, 2009 at 10:47 pm

    I say again – Limit the top “compensation*” to $400,000.
    BCBS is operating under non-profit statutes.
    Can the GA do this????
    Adam, your the attorney. What say ye?
    And what about specifying accounting procedures and doing audits?
    *In any form, current or deferred cash or stock.

  2. Adam Searing

    March 6, 2009 at 10:38 am

    Sure the General Assembly could pass a law regulating BC more heavily. Given their track record in doing that so far however, I wouldn’t hold my breath.

  3. B Wright

    March 6, 2009 at 12:31 pm

    Why hasn’t anyone looked into how much BC gave to the political campaigns of Tony Rand and other legislators? I think it would be very interesting!

  4. Adam Linker

    March 6, 2009 at 3:13 pm

    Blue Cross and its executives give huge amounts to get legislators elected. Pointing that out hasn’t shamed lawmakers into controlling Blue Cross.

    Here are the numbers for 2008: http://www.followthemoney.org/database/StateGlance/contributor.phtml?d=221699685

    In addition Blue Cross executives hold swanky fundraisers and sponsor the governor’s inaugural ball.

  5. Marsha V. Hammond, PhD

    March 11, 2009 at 3:54 pm

    Wednesday, March 11, 2009
    http://madamedefarge2scutinizingbcbsnc.blogspot.com/

    $16 Million paid to BCBSNC Board Members: the Ponzi scheme that the insured have paid into

    …per the Progressive Pulse pdf (why is that bar code across the top indicating these ‘payments’? Were we supposed to pay something and we didn’t! Gosh, I forgot, we HAVE been paying something)……

    You will see that the 13 members of the BCBSNC board 2008 reimbursement is approximatly $16 million.

    Gee, I wonder why our premiums keep going up?

    Gotta keep up with the Greczyn’s.
    Posted by Marsha V. Hammond, PhD

  6. […] to show how the company is standing in the way of reform. Remember, Bob Greczyn has 4 million reasons to oppose any changes to our current health care system. Share and […]

Check Also

Senator Richard Burr: Makes up his own facts about NC Medicaid in order to criticize it

North Carolina’s Senator Burr used to be a ...

Top Stories from NCPW

  • News
  • Commentary

When the N.C. Senate elected Tom Fetzer to the UNC Board of Governors in March, it was widely seen a [...]

The 12 minutes spent on the phone with Duke Energy customer service shed no light on how — or if — c [...]

Crumbling ceilings. Failing air conditioning and heating systems. Broken down school buses. Mold inf [...]

This story has been updated with comments from Jim Womack, who did not respond earlier to questions. [...]

Last week, the General Assembly announced which legislators will serve on the Joint Legislative Task [...]

The latest effort in Washington to repeal and not actually replace the Affordable Care Act has a dif [...]

Conservative group “reviewing” bigoted attacks; funding from major NC corporations implicated Nearly [...]

5---number of days since Senators Bill Cassidy and Lindsey Graham unveiled a new proposal to repeal [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more