Severance Package

(credit: AP)

Blue Cross To Pay $4.2 Million To Ratepayers In Massachusetts

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.


(Photo credit: Matt Bennett/Governor's Office)

Patrick Remains Mum On Exec’s Golden Parachute

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.”