“If someone gets a raise at...

“If someone gets a raise at one company, then someone else at another will get a raise, too, even though the performance may not justify it. The claim is the market [for executive pay] is increasing, but it’s an artificial market — it’s a market defined by a very small group of people who are basically outbidding each other.”   —Charles Elson, a finance professor and director of the Weinberg Center for Corporate Governance at the University of Delaware, talked with AIS’s Health Plan Weekly about recent blowback in the U.S. Senate against executive pay at Medicare Advantage orgs.

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