George Halvorson is the CEO of Kaiser Permanente.
George Halvorson received $7,905,171 in total compensation in 2009. He’s been paid nearly $50 million since he was hired in 2002.
Ben Chu is the Regional President for Kaiser Permanente in Southern California.
In 2009, Ben Chu’s compensation was $1,629,846. That’s a 31.3% bump from the year before, and a 77.8% increase from 2007.
Bernard Tyson is the President and Chief Operating Officer of Kaiser Permanente.
Bernard Tyson received $2,329,464 in total compensation in 2009.
“NOT FOR PROFIT?â€
Kaiser Permanente is Californiaâ€™s largest HMO with more than 6.9 million enrollees in our state.
Despite its â€œnot for profitâ€ status, Kaiser Permanente has made more than $5.7 billion in profits since the beginning of 2009, a total that puts it on par with the most profitable 6% of â€œfor profitâ€ companies in the Fortune 500.
Like Fortune 500 companies, Kaiserâ€™s profits have directly benefited its top executives. In 2009, Kaiser paid its six top executives a combined $16.6 million and provided them with executive perks like first class air travel, forgiveable home loans, and multiple pension and bonus plans. However, Kaiser hasnâ€™t shown the same generosity to its patients and frontline caregivers.
Despite its massive profitability, Kaiser is trying to force cuts to the health and retirement benefits of 4,000 of its own frontline caregivers and refuses to agree to workersâ€™ reasonable requests for enforceable staffing ratios that protect both workers and patients.
At the same time, Kaiser executives recently raised rates on 300,000 Californians employed by small businesses and non profits by an average of 11%, as well as on cash-strapped California school districts that are already laying off teachers to deal with crippling budget deficits.
Tell Kaiserâ€™s executives to put Californiansâ€™ premium dollars into better patient care, not outrageous executive salaries, bonuses and perks.