ED Magedson – Founder
Insphere Insurance Solutions, Inc.9151 Boulevard 26 North Richland Hills, Texas United States of America
I am astounded by the compensation that the top executives at Healthmarkets (which is Insphere) are getting for the jobs they have. What a rip. Take a look at the numbers that comes from there filings on their website. This just came out on 4/27/10.
Phil Hildebrand, CEO - Total Compensation for 2009 is $19,703,120!!!! This is actually way above what he got paid previously. In 2008, it was $11,354,210. Not only did the numbers for the company go down significantly, he got an 8 million dollar raise.
Anurag Chandra - COO - Total Compensation for 2009 is $10,780,481. What the heck does this guy even do?
Steven P. Erwin - Total Compensation for 2009 is $2,612,683, which is up half a million from the year before.
Jack V. Heller - Total Compensation for 2009 is $1,656,689, which is up over $300k from the year before.
B. Curtis Westen - Total Compensation for 2009 is $2,413,414.
That totals over $37 Million for just 5 people. WTF??????
This report was posted on Ripoff Report on 05/01/2010 02:47 PM and is a permanent record located here: http://www.ripoffreport.com/r/Insphere-Insurance-Solutions-Inc/North-Richland-Hills-Texas-76180/Insphere-Insurance-Solutions-Inc-Healthmarkets-Mega-Life-Health-Midwest-National-of-599022. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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