Healthcare Trade Association CEOs Pull in Millions
Kaiser Health News is reporting the CEOs of at least nine healthcare trade associations made at least $1 million in 2009. Billy Tauzin, the CEO of PhRMA, earned a base pay of $2.1 million plus a $2.3 million bonus. Scott Serota, CEO of Blue Cross and Blue Shield Association, earned $856,000 plus a $1.6 million bonus. Chip Kahn, CEO of the Federation of American Hospitals, received a base salary of $900,000 and a bonus of $315,000.
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BP oil spill
The companies involved in the BP oil spill had made decisions to cut costs and save time that contributed to the disaster, a US panel has found.