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| CAMPAIGN FINANCE REFORM | |
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 LETTER TO THE EDITOR SENT FROM ILA SWAN OF APE Concerning FEBRUARY 9, 2000 PRESIDENT CLINTON NAMES ALAN D. SOLOMONT AS A MEMBER OF THE BOARD OF DIRECTORS OF THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE www.whitehouse.gov/library/ThisWeek.cgi? Jeff, if we want to stop the current mind set of large corporations, millionaires and rich foreigners making decisions for us the citizens of this United States, it is essential we out-law soft monies or for that matter, any kind of contributions to our politicians. Our justice system is nothing short of criminal itself, our politicians are in the pay back the favor mode and control of our country has now been placed in the hands of big corporation and rich donors. The latest example of 'so called justice in this country' cannot be made more evident than the buy off of justice by Beverly Enterprises last 175 Million dollar settlement with our justice department, concerning Beverly's admitted fraud against the taxpayers of the USA. Beverly admitted they 'set out' to defraud the Medicare system/Medicaid system, knowingly defrauding the system of $460 million tax payers dollars. Our 'justice system' did not use the laws of our land to punish the law breakers. They did not collect the full $460 million of tax payers dollars back from Beverly, the perpetrators of the crime. They did not collect interest and penalties from this group of crooks, who by the way just gave David Banks, 62 Chairman, CEO $797K for just his wages for 1998. This does not include his stock options, perks and bonuses which adds up to millions. They also paid Boyd Hendrickson, 54 Pres, COO 575K and Scott Tabakin Exec. VP and CFO 366K William Mathies, 39 Exec. VP and Pres -- Beverly Healthcare 406K T. Moore, 58 Exec. VP over 200K. Is the 175 Million they collected from this bunch of crooks justice? What happened to: do the crime, do the time and pay back ill gotten gains? Our justice system stinks. It is a joke, a slap in the tax payers faces. Here are some other interesting filings. Keep in mind all the jokers below, their corporations are in bankruptcy. They pay the CNA's minimum wage, which is way below poverty level and they can't hire the staff they need to care for grandmother because of the costs involved. These are the real criminals on this earth, not those people behind bars in our prisons. We'd be better off with the prisoners running these companies and not these hardened criminals who have long lasting relationships with our President and the other politicians.  Statistics at a Glance -- NYSE:BEV From IHS's SEC filing:"Robert N. Elkins, Chairman of the Board and CEO 1997 Salary $752,277.00 Bonus $3,250,000.00 All Other Compensation: $14,453,794.00" ("Does not include perquisites paid to the listed officers, such as automobile allowances.") Vencor's SEC filing:"W. Bruce Lunsford, Former Chairman of the Board and CEO 1998 Salary $569,469.00 Cash $137,500.00 Long-Term Compensation- Options (No. of Shares) 2,965,100." and a severance package: "The Company entered into a Severance Agreement and Release of Claims with W. Bruce Lunsford, former Chairman of the Board and Chief Executive Officer of the Company effective January 22, 1999. Pursuant to the severance agreement, the Company paid Mr. Lunsford a lump sum payment of $825,000. In addition, the Company agreed to continue his coverage under the Company's employee benefit plans for 36 months and agreed to 36 months of additional vesting of stock options and an additional 36 months, beginning on November 9, 1999, in which to exercise such options." and it goes on with more goodies.... From Sun Healthcare Group's SEC filing:"Andrew L. Turner, Chief Executive Officer: "1997 Salary $537,312.00 Bonus $550,000.00 Restricted Stock Awards: $5,409,625.00" (Sun Healthcare also fought pending bankruptcy by building a $77 million dollar corporate campus with swimming pools, jogging track, and fancy "southwest style" interior decorating for it's beleaguered "suits" while joining it's industry counterparts in fighting against any interfering government mandates for increased staffing of $6/hour CNA's.) From Mariner Sub-Acute's SEC filing (DEF 14A filled on Jan 14, 1999): "Keith B. Pitts, Chairman of the Board and CEO 1998 Salary $641,154.00 Long-Term Compensation - Securities Underlying Options/SARS/#(of shares) 1,715,500 All Other Compensation $200,000.00" (footnotes indicate that Mr. Pitts started with the company after the beginning of the fiscal year, so his compensation info for fy 1998 reflects only " a partial year of service.") Later in the filing we see this about compensation transactions arising from "The Mariner Merger" re:pre-merger Chairman and CEO Arthur W. Stratton, Jr. M.D. : "in connection with the Mariner Merger, Dr. Stratton's employment under his employment agreement with Mariner Health (the"Mariner Stratton Employment Agreement") was deemed terminated without cause as of the effective time of the Mariner Merger. As a result, Dr. Stratton received a payment of approximately $9.9 million." additionally some fancy payments to offset all taxes, interest or penalties on that payment. This goes on with a lot of mumbo jumbo and concludes with a buyout of his stock options: "As a result of the Mariner Merger, Arthur W. Stratton, Jr., M.D. received a cash payment of approximately $17.2 million in respect of the termination of all of Dr. Stratton's outstanding options." But don't worry about Dr. Stratton starving on his unemployment benefits - they kept him on as *VICE* Chairman of the Board, President, and COO. Next year maybe we can see how he was compensated in his new position. David R. Banks is Chairman of the Board and Chief Executive Officer of Beverly Enterprises Inc. He joined the company in 1976 through the acquisition of Leisure Lodges, Inc., where he had served as Chairman of the Board and Chief Executive Officer. Mr. Banks was appointed to the Beverly Board of Directors in 1976, became President in 1979, and Chief Executive Officer in 1989. He was elected Chairman of the Board in 1990. Mr. Banks is also a member of the Board of Directors of Ralston-Purina Company, Wellpoint Health Networks and Nationwide Health Properties, Inc. A native of Harrison, Arkansas, he is a graduate of the University of Arkansas. |
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 CauseNETThe Common Cause Email Alert Network For Example See: Monday, March 27, 2000 STATEMENT OF COMMON CAUSE PRESIDENT SCOTT HARSHBARGER ON GORE CAMPAIGN FINANCE PROPOSALS - Gore Sets Forth Innovative Plan For Reform -  THE NATIONChuck Lewis on the buying and selling of the US presidency. RealPlayer required. Get Big Money Out of Politics Senators Question Slow Release of Judge FinancesLetter to Courts Director Asks for Immediate Explanation May 10, 2000 By Bob Port  Capital Watch: Sen. Trent Lott biggest user of corporate jetsNation & World : Tuesday, May 09, 2000 Or see Seattle Times Search Archives for Article seattletimes.com |
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| Holding Patients Hostage: The Unhealthy Alliance Between HMOs & Senate Leaders Public Citizen's Congress Watch Loren Berger Steve Weissman Michael Surrusco In New Alliance, ACLU and Public Campaign Urge Support for Full Public FinancingFOR IMMEDIATE RELEASE Tuesday, October 26, 1999 In Minimalist Approach to Campaign Finance Reform,High Court Rejects Entreaties to Overhaul Law FOR IMMEDIATE RELEASE Monday, January 24, 2000 |
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