KAISER: $40 Billion and Lets Housing Rot For Years After Evicting Families

In response to Homes Not Jails’ Monday takeover of a long vacant building in San Francisco owned by Kaiser Permanente, the following information has come my way.

The three story apartment building at Divisadero and O’Farrell sat empty for years and fell into disrepair after Kaiser evicted families living there and then let it rot.

Maybe Kaiser couldn’t afford to fix it up, you’re maybe thinking. After all, times are tough all over. Read on, think again, take action!

Homes Not Jails!


During 2009 and 2010, Kaiser earned $4.1 billion in profits.

Meanwhile, the Sacramento Business Journal reports that Kaiser CEO George Halvorson earned $6.7 million in 2009.

http://www.bizjournals.com/sacramento/print-edition/2011/04/08/big-paychecks-for-hospital-ceos.html

The company's profits are reported in press releases on its website at the link below.

As you'll see, the press release notes: "As a result, net income for 2010 was $2.0 billion, versus $2.1 billion in the prior year."

"Net income" is the same as "profit."

http://xnet.kp.org/newscenter/pressreleases/nat/2011/021111q4financials.html