Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: SiouxPal who wrote (186774)	2/16/2010 5:43:19 PM
From: Wharf Rat	1 Recommendation Read Replies (2) \| Respond to of 361517

I'm so glad to see Bayh go back to working for the good insurance companies of Indiana. If I found him on fire, I wouldn't even waste my pee on him. Monday, July 27, 2009 Evan Bayh's wife hauls in millions serving on corporate boards of companies including "nation's largest health insurance company" by Joe Sudbay (DC) on 7/27/2009 07:03:00 PM For Evan Bayh, the Senator from Indiana who formed his own Blue Dog caucus in the Senate, health care isn't just a policy issue, it's personal. Not personal because of a health issue, but because his wife makes millions by sitting on corporate boards. And, some of those boards would be impacted by the health care reform legislation. Susan Bayh is one busy director: As the debate over health-care reform intensifies, Bayh's wife is receiving lucrative payouts from some of the companies that could be most affected by that legislation. Bayh contends the $2.1 million that his wife, Susan, earned from public health-care companies from 2006 to 2008 represents no conflict of interest. Questions persist, however, for at least two reasons. First, Evan Bayh has been unclear about his positions on many issues related to health-care reform. Second, there's the timing of Susan Bayh's rapid rise into corporate governance. Susan Bayh, who was a midlevel lawyer for the politically active Eli Lilly and Co. while her husband was governor of Indiana, did not serve on the board of a single public health-care company until it was clear her husband was about to ascend to the U.S. Senate. Only one month before Evan Bayh was elected to the Senate in a landslide vote, his wife was appointed to serve on the board of what would become the nation's largest health insurance company -- and arguably the company with the most at stake in the health-care reform debate. Within a few years, numerous companies recruited her, and she eventually served on the boards of eight companies. At least one of them asked her to reduce the number of boards she served on, apparently because she was spread too thin to be effective. Adding to speculation about a connection between her board memberships and her husband's office is Susan Bayh's unwillingness to discuss the matter, including for this story. She has declined several requests for comment on her corporate interests, making it difficult to tell where those interests end. What a surprise that Susan Bayh won't answer questions. Bayh is going to be one of the biggest obstacles to health care reform in the Senate. As Think Progress told us back in March, one of the reasons Bayh set up the Blue Dog Senate caucus to block Obama's agenda. It won't hurt his wife's business interests either. Funny thing, huh? Here's something Evan and Susan Bayh should be proud of: Indiana has fallen into the bottom third of state rankings on health of its citizens. But, Evan and Susan have great health care coverage -- and lots and lots of money from the health care industry. americablog.com