Outrageous! $780,000,000 of shareholders money for a set aside for kickback probes. Where is the accountability for this? Why do bonuses go to senior
officials who let this happen? Sorry, senior managers, your bonuses should
stock repurchaes are criminal and studies have shown them to be useless in drivign stock prices (perolly cuz the share repurchased are just given a way to sr mgmt. The upshot of share repurchases is "we're too stupid to grow the business and too selfish to pay you bagholder a DIVIDEND, so we will SHRINK the business instead!!
780 is an outrage it shoul dhave been 10 times that aqmount-- fed anti kickback law is 50k PER violation Medicare frausd is 10K PER violation PLUS kicked out of Medicare-- Literally 10's of thousands of violations. This si the corporate equivalent of community service for a murder conviction.
The standard procedure is to hold the CEO responsible for all acts of subordinates -- good and bad. The "buck stops here" evidently doesn't apply to KS. The BOD must hold the CEO responsible and I would think kickbacks are a criminal offense that should be prosecuted. The Obama administration is constantly belittling company executes; however, when there is merit not a peep is heard. Guess, political contributions do speak. This is a complete disgrace and still no one is being held accountable. KS only knows that money can buy off all mistakes -- as he happily goes to the bank to cash his bonuses.
The bonuses AND all pay for the past 5 years should be forfeited. This is totally unconscionable. They should all be terminated immediately with absolutely no severance of any kind. If this had happened in China, they'd each get a bullet to the back of the head, and the family would get the bill.