Slashing CEO Comp, Saving Money?

Our own Bob V has made this point before, but it bears repeating, and who better than FoIB Flarin' Karen. She notes that Cigna's CEO reportedly makes some $30 million a year. She further notes that Cigna insures about 11 million people. She then observes:

"If he worked for free then each insured would pay $3 per year less in premiums on a policy that costs about $10,000 or more per year.

If their $1.7 billion operating expenses were reimbursed to the insured, they'd save less than $200 per year.

Savings we can believe in!"

Amen!