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Red Hat and Blue Cross

The Charlotte Observer has a nice list of the top paid executives in North and South Carolina for 2008. The report breaks out salary and total compensation.

To compile the list the paper looked through SEC filings, which means the companies are publicly traded. But if the nonprofit insurance company Blue Cross were included in the list, CEO Bob Greczyn would fair pretty well.

For total compensation Greczyn made nearly $4 million, which ranks him near the top of the list, just below Red Hat’s CEO James Whitehurst, and not too far from Duke Energy’s Jim Rogers, who made $4.4 million.

For salary and bonus Greczyn actually made more than Whitehurst, but Red Hat granted its CEO more than $2 million in stock awards.

That’s not too shabby for running a nonprofit.

One Comment

  1. IBXer

    October 7, 2009 at 11:23 am

    And if you took his $4 million and instead put a politician’s cousin or old school mate in the position and paid them $100,000, it would not lower insurance costs for consumers by even a penny and it would mean that instead of the insurer answering to consumers they would answer to DC.

    And that, my friend, is called bad public policy.