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Thread: Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails

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    Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails

    Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails [UPDATE]

    "The American people are going to suffer because we'll lay them off -- because we know how to respond to these kinds of situations," Aetna CEO Mark Bertolini warnedon Monday at a Wall Street Journal event
    Is threatening layoffs just the new normal now? "Give us what we want or suffer the consequences." "Vote for my preffered candidate, or get fired." "Cut taxes or there will be layoffs." Now it's "Raise taxes or there will be layoffs."

    Oy!


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    Too bad we have to observe human rights.

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    Re: Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails

    Yay for corporate temper tantrums!

    I'm waiting for Donald Trump to take advantage of this by saying he will now fire 2 apprentices each episode because Obama was elected.

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    Re: Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails

    All these people who threaten layoffs if they don't get their way sound like petulant children, but they are worse because when children throw tantrums they just frustrate their parents. When these fools throw tantrums, they are playing with people's lives and families. I find it absolutely sickening.

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    Re: Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails

    What Mark Bertolini doesn't understand is that his insurance company is not the only fish in the sea. If Mark does a lot of what he says and service suffers for it, I'm pretty sure he will put up "Help Wanted" signs real quick.

    There are always the unforeseen circumstances that businesses go through when they do these sort of things.

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    Re: Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails

    Quote Originally Posted by TheNextEra View Post
    Yay for corporate temper tantrums!

    I'm waiting for Donald Trump to take advantage of this by saying he will now fire 2 apprentices each episode because Obama was elected.
    He's going to start asking them all for a Birth Certificate.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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    Re: Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails

    The company is already restructuring, so I don't see it so much as an idle threat as it is a warning to the market.

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    Re: Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails

    Quote Originally Posted by rocket88 View Post
    Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails [UPDATE]



    Is threatening layoffs just the new normal now? "Give us what we want or suffer the consequences." "Vote for my preffered candidate, or get fired." "Cut taxes or there will be layoffs." Now it's "Raise taxes or there will be layoffs."

    Oy!
    the president is not the only person to own a bully pulpit
    CEOs of mega corporations also command attention
    and bertolini's concern that the congress may simply continue to kick the deficit problem down the road, unresolved, is a very legitimate concern for all of us. especially so for a multi-billion dollar corporation leader
    fixing the deficit problem is such an onerous problem that the congress has been inclined to put off effecting the necessary changes. everybody's ox is going to get gored and the congress prefers to dispense favors - they are so much better received
    the simpson-Bowles assessment has made it quite clear what must be done. cut spending, especially the social programs that the democrats are reluctant to do. raise taxes on those best able to afford the tax increase; something the republicans have taken a pledge not to do
    both parties have painted themselves in a corner due to the promises they have made to their constituents
    those like bertolini, who can command the congress' ear, are right to insist that this problem no longer be ignored. failing to address the growing deficit spells long term damage to our nation's economy. no one wants that ... bertolini included
    it's time for congress to sign off on simpson-Bowles and implement its recommendations
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails

    Quote Originally Posted by Fisher View Post
    The company is already restructuring, so I don't see it so much as an idle threat as it is a warning to the market.
    If this is true, he is trying to blame the government, and distract investors from his own failings as the CEO.
    Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher
    Baby sister, I was born game and I intend to go out that way - Rooster Cogburn

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    Re: Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails

    Quote Originally Posted by SMTA View Post
    If this is true, he is trying to blame the government, and distract investors from his own failings as the CEO.
    From the article:

    "Debt deal or not, Aetna will likely have to restructure its business in the wake of its recent merger agreement with Coventry Health Care. That may mean layoffs, even as the company adjusts to an influx of new customers thanks to the implementation of Obamacare."

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    Re: Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails

    Quote Originally Posted by Fisher View Post
    From the article:

    "Debt deal or not, Aetna will likely have to restructure its business in the wake of its recent merger agreement with Coventry Health Care. That may mean layoffs, even as the company adjusts to an influx of new customers thanks to the implementation of Obamacare."
    Yep. Never let a good crisis go to waste. Let's off-load the blame for our poor corporate management by blaming the politics in Washington.

    Of course, if this CEO had the honor of the Samurai, he would have announced that if the government went over the fiscal cliff, he would not cash his $50M bonus check.

    Aetna CEO Pay: Tens of Millons, Straight from Your Pocket | Consumer Watchdog

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