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2010 NC Blue Cross Executive Compensation

Post on April 14, 2011 by 4 Comments »

See the excessive compensation and hefty board payments for yourself!  We post it all right here.

I know it’s hard to believe, but NC Blue Cross is still actually a nonprofit organization!  But lots of nonprofits pay their board members $60K a year – right?

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Comments (Closed):4

  1. Alex O.
    April 14, 2011 at 11:27 am

    I wonder what their compensation will be when they rule the Exchanges

  2. Steve Hutton
    April 14, 2011 at 9:25 pm

    How is it not a conflict of interest for President Ross and the Chancellor of A&T to be on the BCBS board? Shouldn’t they resign?

  3. Steve Hutton
    April 14, 2011 at 11:12 pm

    And Roper needs to resign from the board of Medco! These interlocking directorates/positions must end!!

  4. A
    April 30, 2011 at 1:33 pm

    1) It is a not-for-profit, not a nonprofit. Two completely different animals under the tax code. 2) Yes, lots of not-for-profits pay board members that much. 3) Executive compensation for similarly sized companies is higher nationwide than what they make. 4) If you want a company to be well run you have to compete on the compensation front. You can pay them what a janitor makes, but you will end up with janitor quality management as the managers will leave the company for better paying jobs. It is basic economics.