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Profits after paying executive salaries, right? In any case there should not be a profit motive in (health) insurance.
by nielsbot 2y ago
Profits after paying executive
salaries, right?
In any case there should not be a profit motive in (health) insurance.
- welshwelsh 2y agoExecutive salaries represent less than 0.01% of UHG revenue. Total revenue is about $320B. Thompson's compensation was $1M cash + about $10m stock (the stock part doesn't impact the company's profit margin). In any case, executive salaries are basically a rounding error in the books.
- Wytwwww 2y ago> the stock part doesn't impact the company's profit margin It certainly does if you use GAAP. A lot of tech companies cheat by providing GAAP and non-GAPP figures (of course there are some other cases where it makes sense) to hide stock based comp.