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Audit of Minnesota HMO Reveals Corporate Waste, Lavish Perks.
Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News
Jan. 16--Are we pricing consumers out of health care? The chief executive of HealthPartners went to Australia a couple years ago to find out -- and sent the $9,000 bill for the trip to his company.
That's but one example of corporate waste uncovered at Minnesota's second-largest health maintenance organization by the office of Minnesota Attorney General Mike Hatch, who on Wednesday released a five-volume audit of the firm.
The 18-month investigation revealed lavish executive and director perks, confusing and questionable compensation methods, consultants hired without a bidding process and reimbursed for undocumented expenses, and travel that is too luxurious or unnecessary or both.
Hatch's office will work with the Bloomington-based nonprofit to address the issues.
Among the examples documented in the report:
-- $35,000 to send its board, CEO and another employee to California's Hotel Del Coronado, a four-star resort that caters to Hollywood celebrities
- Former Oasis leaders sued: Suit alleges corporate waste from yachts, limos,...
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...last week says. Directors and officers also "engaged in corporate waste, engaged in self dealing, mismanaged Oasis and failed...Peter Benua, former president; Romaine Gilliland, former chief executive; and Mark Blackstone, former head of marketing and sales...
- IT executive attacks corporate waste.
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...only themselves to blame for the cash crisis many of them face. Speaking exclusively to the Sunday Herald, PeopleSoft chief executive Craig Conway slammed sector bosses whose lavish spending on marketing, investments and acquisitions became a feature of...
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- BIA Appeals Corporate Waste Fee Rates.
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- Computer Associates announces Internet-based document management solution...
- Press release article from: Business Wire October 21, 1996 700+ words
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- La Bella & McNamara LLP Announces Lawsuit Against Mercury Air Group, Officers...
- Press release article from: Business Wire December 2, 2002 700+ words
Business Editors/Legal Writers LOS ANGELES & SAN DIEGOBUSINESS WIREDec. 2, 2002 The law firm of La Bella & McNamara LLP announced that a lawsuit was filed last week under the California Corporations Code alleging that shareholders of Mercury Air Group, Inc. (AMEX:MAX) were victimized by the
- Second Proxy Firm Spurns Pay Proposal for Atlanta-Based Apartment Company.
- Newspaper article from: Atlanta Journal-Constitution (Atlanta, GA) May 20, 2004 700+ words
...annual meeting next week. Leventhal also has filed a lawsuit against Goddard, Chief Executive Dave Stockert and other Post management, alleging "corporate waste" and "misconduct" that has harmed shareholders. The company has not responded...
- Clifton Savings Bancorp, Inc. Announces Trial Court's Decision on Lawrence...
- Press release article from: Business Wire November 5, 2007 700+ words
...dismissing three claims of corporate waste brought against Clifton...of the Board and Chief Executive Officer of Clifton...did not constitute corporate waste. * The Court also...did not constitute corporate waste and noted that a...
- CHIEF EXECUTIVE.(appointments and promotions)(Brief Article)
- Magazine article from: Chief Executive (U.S.) September 1, 2000 700+ words
...was named chairman, president, and chief executive of Scottsdale, AZ-based Dial Corp...net * Gerry Burdo, 34, was named chief executive of NY-based Kozmo.com, an Internet...Jr., 55, was named president and chief executive of Hartsville, SC-based Sonoco...
Source: HighBeam Research, Audit of Minnesota HMO Reveals Corporate Waste, Lavish Perks.