Thanks to a change in federal rules 18 months ago, it’s now much easier to find out details of so-called “golden coffins,” which are—yes, this is real—posthumous payouts to CEOs that can climb into the hundreds of millions. Brian Roberts of Comcast will receive $298.1 million if he dies in office; Robert Iger of Disney will receive $62.4 million; Ivan Seidenberg of Verizon will receive $43.4 million. Ha ha, life insurance is for paupers!
benefits
Lawsuits Claim Insurers Are Choking Social Security With Unnecessary Disability Applications
By 4.3.08
Two whistleblower lawsuits have been filed recently against insurers, faulting them for requiring unnecessary and repeated disability applications with Social Security before they’ll pay out any benefits. One person says her disability insurer, the Unum Group—which was only paying her $50 a month for a temporary injury she was almost certain to recover from—called her 10 times to ask her about her Social Security disability application. The woman told the New York Times “she did not need or want money from Social Security, and did not think she was entitled to it. Her doctors had told her she would recover, and Social Security is limited to people whose disabilities are total and permanent.”
5 Ways Credit Cards Can Make You Happy
By 9.28.07
The ways that credit cards can make you unhappy are legion. Fees, balances, crazy interest rates, universal default, the list goes on. But, even though we just saw Bank of America digging a pit in your backyard, and word has it the zoo is missing 3 tigers and a crocodile, there are a few ways that a credit card can make you happy. (Not all of these tips are unique to credit cards, so check to see which benefits your debit card has.)
Don't Be Fooled By "Limited Benefit" Insurance Plans
By 9.14.07
If you’re a freelancer, temp worker, or hourly worker, you may have already been exposed to the “limited benefit plan,” a rotten insurance scheme which is designed to rake in more profits for insurance companies by offering low cost plans that provide almost no worthwhile coverage for the consumer.
Walmart Will Assign Employees According To Customer Traffic, Not Sales
By 1.4.07
Walmart is changing things up with some new software that will schedule employee shifts based on traffic and not sales. This makes employees mad. Why?
