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Alliance foes say Blues expected CEO to leave. (lawsuit filed against the alliance formed by Blue Cross Blue Shield of the National Capital Area and Maryland Inc.)
Blue Cross Blue Shield of the National Capital Area altered the terms of its chief executive officer's contract last year, guaranteeing Larry C. Glasscock $2.8 million if he left the health insurer because his position changed, according to documents filed with Maryland regulators.
The Fair Care Foundation, a D.C.-based nonprofit that's suing to overturn the January alliance of the National Capital and Maryland Blue Cross plans, contends the changes were made in anticipation of Glasscock leaving the alliance soon after it received regulatory approval.
John Ellison, a Philadelphia attorney who represents the foundation in its law-suit against directorsand officers …
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- Blues award Glasscock $2.8M 'golden parachute.' (Blue Cross and Blue Shield...
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Magazine article from: Washington Business Journal
Haughney, Christine
May 22, 1998
700+ words
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- Event Brief of `Larry C. Glasscock Retirement` Conference Call - Final.
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News wire article from: Fair Disclosure Wire
February 26, 2007
700+ words
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- `Larry C. Glasscock Retirement` Conference Call - Final.
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News wire article from: Fair Disclosure Wire
February 26, 2007
700+ words
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- Blues official's pay package changed. (Blue Cross Blue Shield of the National...
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Magazine article from: Baltimore Business Journal
Haughney, Christine
June 19, 1998
700+ words
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- Murphy out as local Anthem chief. (James Murphy fired as CEO of Anthem Blue...
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Magazine article from: Business Courier Serving Cincinnati - Northern Kentucky
Curtis, Richard
April 3, 1998
700+ words
