“The Worship of Mammon,” by Evelyn De Morgan.
“But CEO Paul Markovich warned that certain details on executive pay will remain secret, portending a potential showdown with regulators.”
“Markovich has been dogged by questions for months surrounding the insurance giant’s nonprofit status, lack of transparency and repeated rate increases despite holding $4.2 billion in reserve.”
“On executive pay, the San Francisco insurer faces more questions.
“The Times reported last month that Blue Shield boosted executive pay by $24 million in 2012 — a 64 percent jump over the previous year — according to a confidential tax audit. Some of that money probably went to former CEO Bruce Bodaken as part of his retirement package.”