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by jsprogrammer
4142 days ago
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I'm not sure what US Codes or Officer status has to do with my assessment. A CEO is not entitled, by position, to any business profits. They are strictly reserved for stock-owners. Those points are irrelevant to mine. I just took a look Watsi's Transparency Report. It's commendable that they seem to be going much further than many other organizations do in opening up their financial information. However, while I found lots of patient details, I was unable to find a breakout of salaries and other payments to employees, officers, or other, only an aggregate monthly salary line item of ~66k. If their about page is accurate and there are currently 6 employees, that's about $132k/year/person. Not Jamie Dimon salaries, but still more than double US median household earnings. Edit: Also, I'm not ragging on Watsi. I'm not familiar with them other than what I just shared above. My beef is with the behavior in the anecdote (which may or may not be accurate to what actually happened at that NYC bar) that was shared, but more importantly with the culture that people seem to be trying to emulate. |
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