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The great thing about Corporate America is that competition is always fierce for the national title of greediest.'During the past several months, the Barons of Wall Street had established themselves as the vilest and most reviled corporate team in the land. They've been lavishing bonuses on themselves even as their firms continue to benefit from government bailout measures and even as ordinary Americans continue to struggle with the economic collapse caused by the bankers' arrogance and avarice. Wall Streeters were widely considered a shoo-in to take the coveted Corporate Greedhead Trophy this year -- but, holy cow, what a comeback bid we're now seeing from the Giants of Insurance!
Let's recap their amazing charge: Last week, the news broke that America's five largest health insurance companies (United Health, Wellpoint, Aetna, Humana and Cigna) had scored record profits in 2009, totaling $12.2 billion. This was a stunning 56 percent hike over the previous year, a drive made all the more impressive by the fact that these gains came during the worst economic downturn since the Great Depression.'
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