Court’s Blue Cross decision on the way

? The Kansas Supreme Court is expected to decide soon whether to allow the sale of Blue Cross and Blue Shield of Kansas to an Indiana company whose top executives stand to make $73.2 million in bonuses over three years.

As first reported last month by The Topeka Capital-Journal, five Anthem Inc. of Indianapolis executives are in line for bonuses ranging from $8.6 million to $32.4 million.

Larry Glasscock, president and chief executive officer of Anthem, made $6.8 million in 2002 and $15.7 million in 2001, the report shows.

Glasscock could make another $32.4 million through the long-term incentive plan covering 2001 to 2003.

“It’s scandalous,” said Dr. Bill Roy, of Topeka, who opposes the sale of BCBS to Anthem. “Nobody deserves $32 million.”

Anthem spokesman Ed West said the bonuses depended on performance — both the employees’ and the company’s. The bonuses would be awarded beginning in 2004 only if the company attracts new members and retained a high percentage of existing members while building shareholder value, he said.

Other executives, their 2002 pay, and their potential long-term incentive bonuses are:

l David Frick, Anthem executive vice president and chief legal and administrative officer; $2.2 million in 2002; $11.8 million in potential incentives.

l Michael Smith, executive vice president and chief financial and accounting officer; $2.2 million in 2002; $11.8 million in potential incentives.

l Keith Faller, president of Anthem Midwest; $2.2 million in 2002; $8.6 million in potential incentives.

l Marjorie Dorr, president of Anthem East; $2.1 million in 2002; $8.6 million in potential incentives.