Saturday, August 05, 2006

United Health Care - CEO Excesses

August 5, 2006 TO: ALL BLET / GTW LOCAL CHAIRMEN

Dear Sirs and Brothers:

Attached is research which I have recently completed regarding our health care provider, United Health Care (UHC). (Click Here to view in PDF)

The attached document is about exposing the unacceptable and obnoxious excesses in connection with our CEO at UHC (Mr. William McGuire) and other executive compensation excesses at UHC.

The attached document is to also make an argument / connection in regard to the so called rising health care costs at UHC and the funding of the UHC sky-rocketing executive compensation monies, which we ultimately are paying for.

I recently presented the attached document to our National President, Brother Don Hahs, while at the International Western Convention, in Rapid City, South Dakota.

From the podium, during the closed BLET session, President Hahs discussed some of the details of the attached report to the audience at the Western Convention. President Hahs then allowed me to elaborate, a bit more, to the audience, which I did.

President Hahs also stated from the podium that he will give the attached information, to our national negotiating team, so they can use it as ammunition on the national level in regard to battling the Carriers on the health care issue.

Why? It is because the Carriers on the national level have served their Section 6 Notice in connection with health care (which will include GTW Engineers).

The Carriers, via their Section 6 Notice, are requesting health care concessions, in the form of desiring to immediately increase our monthly health care premium to a whopping $ 378.42 per month out of our own pockets!

That’s right! You heard right---a whopping $378.42 per month out of our own pockets every month! And all this “concession talk” from a company (CN) that is awash in cash, and bragging about it!!!

The Carrier currently pays $ 1,146.44 per month, per Engineer, for Health Care. Now the Carriers (including GTW Management) only want to pay $ 768.02 per month, with us paying the other $ 378.42 per month! Guess who gets the “big bonus” out the so-called “savings” of such a concession? One clue—not us!!!

While at the Western Convention, there was a lot of interest, to say the least, in the attached report. Many eye-brows were raised, to say the least.

Please read and post. However, make sure you are sitting down when you read about these examples of compensation extravaganzas at UHC!

Fraternally,

J. M. Karakian General Chairman, BLET/GTW

CC: D. Hahs, NP

E. Rodzwicz, FVP

W. Walpert, GST

Paul Sorrow, NVP

J. Tolman, NVP/NLR

J. Murphy, Director/Teamsters Rail Conference.

D. Cameron, Public Relations/Teamsters

D. Hiatt, General Chairman / UTU – GTW

Any and All who may (and should) be interested.