The state’s largest insurer plans to rebate $4.2 million to its ratepayers to offset the cost of a controversial severance package to former chief executive Cleve Killingsworth.
The state’s largest insurer has suspended pay for its board members amid scrutiny by Massachusetts Attorney General Martha Coakley.
Gov. Deval Patrick has again declined to criticize Blue Cross and Blue Shield of Massachusetts over a hefty severance payment to its former CEO, telling reporters his job isn’t “managing individual companies or individual compensations.”
He makes a living bashing executives who make millions, but now president of Massachusetts AFL/CIO Robert Haynes is under fire for approving a controversial $11 million payout to Blue Cross/Blue Shield’s former CEO Cleve Killingsworth.
An $11 million golden parachute was given to the former CEO of Blue Cross Blue Shield of Massachusetts after he left his post.