Striper Talk Striped Bass Fishing, Surfcasting, Boating

     

Left Nav S-B Home FAQ Members List S-B on Facebook Arcade WEAX Tides Buoys Calendar Today's Posts Right Nav

Left Container Right Container
 

Go Back   Striper Talk Striped Bass Fishing, Surfcasting, Boating » Striper Chat - Discuss stuff other than fishing ~ The Scuppers and Political talk » Political Threads

Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
Thread Tools Rate Thread Display Modes
Old 03-08-2010, 06:43 PM   #1
striperman36
Old Guy
iTrader: (0)
 
striperman36's Avatar
 
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
Quote:
Originally Posted by buckman View Post
Why are the rates different? I'm convinced the reason they are is because companies now have the ability to screw the state of their choosing without fear of cross-stateline compitition.
Why does a not for profit company the BCBS of MA pay their CEO millions of dollars a year to manage a not for profit organization?
striperman36 is offline  
Old 03-08-2010, 07:02 PM   #2
Backbeach Jake
Registered User
iTrader: (0)
 
Backbeach Jake's Avatar
 
Join Date: Feb 2003
Location: Here and There Seasonally
Posts: 5,985
Question

Quote:
Originally Posted by striperman36 View Post
Why does a not for profit company the BCBS of MA pay their CEO millions of dollars a year to manage a not for profit organization?
Not for profit? I pay over 200 a week with a 2k deductible if I'm Hospitalized. They're not making money? Really?
Backbeach Jake is offline  
Old 03-09-2010, 09:49 AM   #3
RIJIMMY
sick of bluefish
iTrader: (1)
 
RIJIMMY's Avatar
 
Join Date: Aug 2003
Location: TEXAS
Posts: 8,672
Quote:
Originally Posted by Backbeach Jake View Post
Not for profit? I pay over 200 a week with a 2k deductible if I'm Hospitalized. They're not making money? Really?
and I had 2 children, out of pocket expenses - zero
2 parents fighting cancer, out of pocket expenses - zero

thats the basis for INSURANCE.

making s-b.com a kinder, gentler place for all
RIJIMMY is offline  
Old 03-08-2010, 07:02 PM   #4
JohnnyD
Registered User
iTrader: (0)
 
JohnnyD's Avatar
 
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
Quote:
Originally Posted by striperman36 View Post
Why does a not for profit company the BCBS of MA pay their CEO millions of dollars a year to manage a not for profit organization?
The luxuries of working for a not-for-profit - I deal with them (different not-for-profits) on almost a weekly basis. They all act like they don't have two pennies to rub together.
JohnnyD is offline  
Old 03-09-2010, 06:56 AM   #5
buckman
Registered User
iTrader: (0)
 
buckman's Avatar
 
Join Date: Sep 2006
Location: Mansfield
Posts: 4,834
Blog Entries: 1
Quote:
Originally Posted by striperman36 View Post
Why does a not for profit company the BCBS of MA pay their CEO millions of dollars a year to manage a not for profit organization?
Ask Joe Kennedy
buckman is offline  
Old 03-09-2010, 09:26 AM   #6
JohnnyD
Registered User
iTrader: (0)
 
JohnnyD's Avatar
 
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
Quote:
Originally Posted by buckman View Post
Ask Joe Kennedy
Or any other highly successful not-for-profit. They all have the same charade.
JohnnyD is offline  
Old 03-09-2010, 06:41 PM   #7
Backbeach Jake
Registered User
iTrader: (0)
 
Backbeach Jake's Avatar
 
Join Date: Feb 2003
Location: Here and There Seasonally
Posts: 5,985
Quote:
Originally Posted by JohnnyD View Post
Or any other highly successful not-for-profit. They all have the same charade.
Joe make 2-3 hundred thou for his efforts. I wouldn't say that was out of line.
Backbeach Jake is offline  
Old 03-09-2010, 07:20 PM   #8
Karl F
Registered User
iTrader: (0)
 
Karl F's Avatar
 
Join Date: Apr 2002
Posts: 5,945
Quote:
Originally Posted by Backbeach Jake View Post
Joe make 2-3 hundred thou for his efforts. I wouldn't say that was out of line.
much more than that...

old article when he was being sued from the girl he injured as a lad..
skip thru most of it.. but the last part is interesting...



From The Boston Herald Aug 31, 2005

Paralyzed victim of Joe K crash: Skinflint won't help
By Laurel J. Sweet and Maggie Mulvihill
Wednesday, August 31, 2005 - Updated: 07:42 AM EST

Joseph P. Kennedy II, who built upon his family fortune with a lucrative career of his own since leaving politics, allegedly told a Hyannis mother he left paralyzed for life in a car crash 32 years ago that he is ``broke'' and won't be her financial crutch any longer.

``I'm broke. I work for a non-profit. I'm not a bottomless pit,'' the chairman of Citizens Energy Corp. and former congressman allegedly told Pamela Burkley, whom he knew in their star-crossed youth on Cape Cod as Pam Kelley – his late brother David's girlfriend.

Kennedy denies through his lawyer that he made the remarks.

Though she acknowledges Kennedy, 52, has thrown some $50,000 her way over the years, Burkley, 50, told the Herald, ``I feel like he thinks I'm a piece of trash sitting in a wheelchair.''

The divorced mother of a 16-year-old girl said she earns $57,000 a year as executive director of the Cape Organization for Rights of the Disabled and suffers from recurring bladder cancer. ``I'm realizing my body is starting to give out on me,'' she said.

``I just want to live my life and plant my plants, play with my dogs and watch my daughter grow up. As I age, I'm getting nervous and less independent. And I'm tired.''

Steve Kidder, a friend and attorney for Kennedy, said Burkley's portrayal of slain U.S. Sen. Robert Kennedy's son as cold and uncaring is wrong.

``The quote that she is attributing to Joe simply did not happen,'' Kidder responded emphatically.

In a statement released to the Herald through Kidder, Kennedy said, ``I have a very strong sense of responsibility for Pam and her circumstances. I have helped Pam many, many times over the years, and Pam knows I will continue to do so in the future.''

Burkley netted $668,000 from an insurance policy on the Jeep Kennedy flipped Aug. 13, 1973, snapping her spine and injuring five other teens heading to a Nantucket swimming hole.

The middle-class daughter of a builder and a real estate agent told a reporter at the time: ``There's no way I'd be able to spend that money if I lived to be 102.'' She decided not to sue.

But just eight years later, her trust fund was gone, invested in a house, medical expenses and land in Kezar Falls, Maine.

Kennedy was found guilty of driving to endanger and fined $100. A fawning judge told him, ``Use your illustrious name as an asset to do a lot of good.''

In the years since, Burkley struggled with depression, thoughts of suicide, and battled drugs and booze.

``Once I got sober,'' she said, ``I just flew. And I'm so proud of that and what I've done for myself, my community and my family. That's what I've spent the last 32 years doing and I don't see him owning any of this.''

Kennedy, meanwhile, has continued to live well.

Kennedy is the owner of nearly $2 million in real estate, including a rambling six-bedroom colonial in Brighton assessed this year by city officials at $741,600. In April 2003 he also took out a $1 million loan to purchase a 1,800-square-foot condo in an exclusive waterfront gated community in Key Largo, Fla., for which he and his wife, his former congressional aide Beth Kelly, paid $1.275 million, public records show

In addition, Kennedy owns two boats – a top-of-the-line, 35-foot fishing vessel he moors in Florida, and a 22-foot white sloop he keeps on Cape Cod, records show.

Entities related to his Citizens Energy Corp. paid him more than $400,000 in 2003, the last year for which records are available

wonder how much it is now...7 years later
Karl F is offline  
Old 03-09-2010, 08:04 AM   #9
PaulS
Registered User
iTrader: (0)
 
PaulS's Avatar
 
Join Date: Jul 2004
Posts: 10,306
Quote:
Originally Posted by striperman36 View Post
Why does a not for profit company the BCBS of MA pay their CEO millions of dollars a year to manage a not for profit organization?
B/c is still needs to be managed the same as a for profit company of the same size. If you want good people to run a not for profit, you have to pay them comparable salaries. The people who work there aren't doing it out of generosity, but b/c they need a job.
PaulS is offline  
Old 03-09-2010, 09:47 AM   #10
RIJIMMY
sick of bluefish
iTrader: (1)
 
RIJIMMY's Avatar
 
Join Date: Aug 2003
Location: TEXAS
Posts: 8,672
Quote:
Originally Posted by striperman36 View Post
Why does a not for profit company the BCBS of MA pay their CEO millions of dollars a year to manage a not for profit organization?
because if you didnt, you get some hack greenpeace wannabe with a liberal arts degree being the only one who would take the job at a lesser salary

making s-b.com a kinder, gentler place for all
RIJIMMY is offline  
Old 03-09-2010, 09:58 AM   #11
spence
Registered User
iTrader: (0)
 
spence's Avatar
 
Join Date: Nov 2003
Location: RI
Posts: 21,481
Quote:
Originally Posted by RIJIMMY View Post
because if you didnt, you get some hack greenpeace wannabe with a liberal arts degree being the only one who would take the job at a lesser salary
Yea, especially during a struggling economy...

Perhaps you're forgetting about the fat cat old boys network when the execs all sit on each others boards and discuss just how big a golden parachute is really necessary to attract that "top" talent.

-spence
spence is offline  
Old 03-09-2010, 10:32 AM   #12
Fishpart
Keep The Change
iTrader: (0)
 
Fishpart's Avatar
 
Join Date: Oct 2000
Location: The Road to Serfdom
Posts: 3,275
By serving several states you can eliminate the need to have an entire corporate structure in every state further reducing cost, now you only need one highly overpaid CEO instead of 50 for example....

“It’s not up to the courts to invent new minorities that get special protections,” Antonin Scalia
Fishpart is offline  
Old 03-09-2010, 10:51 AM   #13
PaulS
Registered User
iTrader: (0)
 
PaulS's Avatar
 
Join Date: Jul 2004
Posts: 10,306
Quote:
Originally Posted by Fishpart View Post
By serving several states you can eliminate the need to have an entire corporate structure in every state further reducing cost, now you only need one highly overpaid CEO instead of 50 for example....

you really don't. For a company like an Aetna you don't have underwriters or claim payers or customer service in each state.
PaulS is offline  
 

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 08:42 PM.


Powered by vBulletin. Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Please use all necessary and proper safety precautions. STAY SAFE Striper Talk Forums
Copyright 1998-20012 Striped-Bass.com