Aetna CEO Mark Bertolini Threatens Layoffs If Fiscal Cliff Deal Fails, Is Mum On Negative Corporate Tax Rate
2012-11-15 — huffingtonpost.com
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 warned on Monday at a Wall Street Journal event, according to Marketwatch. Bertolini said that if the U.S. does not avert the fiscal cliff with a long-term deficit reduction plan, he and other CEOs will have no other choice.
Bertolini, however, made no offer on his company's behalf to help the government crawl out of its debt hole. Notably, Aetna pays no net taxes, according to an analysis by Nerd Wallet, a financial information website. Indeed in the most recent year available, Aetna got a tax refund. NerdWallet puts Bertolini's annual compensation at $10.56 million.
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