#boardofdirectors

BP ex-chair Manifold planned to remove Director Amanda Blanc

https://www.marketscreener.com/news/bp-ex-chair-manifold-planned-to-remove-director-amanda-blanc-ce7f51dcd889f52d

The answer is: this TRP MC member recently joined the board of another public company.

When is the board of directors and everyone else going to wake up and realize that John Stank has provided no value to the company for a long time! He is no longer relevant and if he doesn’t like the truth he can retire or find another company willing to take on an aging dinosaur. The culture under John is toxic and has been for too long.

Over the last 5 years PEP stock is down 14%.

KO stock up 43% over the same period.

That is an astounding failure. That is 100% on Ramon. The global "headwinds" were the same for both. That utterly incompetent fool of a CEO has got to go. I don't understand how Elliott Management kept him. How the PEP BoD kept him. What is going on?

I see the market was up again today, and the OpenText price ... oh, crud ... down again.

This company's outlook is bleak as long as Jenkins, his pupppet CEO, the so-called Board of Directors, Bell, Muhi, Rai, Berry, Cione, Acedo, and all the other Jenkins minions are in charge.

As a stockholder I demand change!

I know how we see this mess. Now I know how others see it. Pretty much the same.

https://x.com/johsinny/status/2077162630452519380
Posted at 10:45 PM on Jul 14, 2026

"Verizon was once a pillar of American innovation. Today it reflects strategic drift and a failure to lead.

With no clear path to growth or meaningful differentiation, CEO Dan Schulman appears to be reverting to the oldest and weakest playbook: cutting skilled American workers to prop up short term stock bump.

This tactic ignores a fundamental truth. A company cannot hollow out its own institutional knowledge without consequence. The talent being discarded is the very foundation that made Verizon great.

What we are seeing resembles railway operator’s “last car” fallacy. Remove the weakest link for a smoother ride, but there is always another last car. Eventually, nothing of value remains.

This is not leadership. It is managed decline.

The board must recognize the trajectory and act before an iconic American company is diminished beyond repair."

Did anyone else here this? The board was doing the same for Sampath before Dan sacked him.

The Board of Governors of the Federal Reserve, the body overseeing the implementation of United States monetary policy, has announced the creation of five task forces intended to evaluate and improve the Fed's operations. In a press release, Federal Reserve Chairman Kevin Warsh named the "external advisers" who will lead each task force, ranging from economics professors to AI investors and corporate executives—executives like Xbox CEO Asha Sharma, who will preside over a task force on employment and productivity.

https://www.pcgamer.com/gaming-industry/us-federal-reserve-taps-xbox-ceo-asha-sharma-who-just-laid-off-3-200-employees-to-lead-task-force-on-jobs/

This company should change its name now. Walgreens is gone, it was destroyed by R0z and her wrecking crew - Tracey Clown, HS1OWW who was her CIO/CCP, and several others. It's an embarrassment now, and simply needs to go away. And the Board who let it happen - Jan, Val, Ginger....should be removed from any board roles. Criminals...all of them.

I've always believed Dan was brought in to be the fall guy for what the board really wanted to do. At least from a reduction standpoint. I think the never ending focus on AI is more him than the board because he sees himself as a visionary. Or he wants to be seen/remembered as a visionary. That said, the one thing I heard consistently (in addition to being a hatchet man), was that Dan was not a fan of outsourcing, yet we continue to do it. Why?

So has he really changed his methods or is this more the board's decisions and he's just the face of it now...? Did AI make him do it?

The track record of the CHRO and CEO in selecting talent is abysmal. The batting average must be less than 2 out of 10 have made it including Franks failed selection of Mike Lyons himself.
Where is the Board? Surely the Talent and Compensation Committee Chair must be witnessing this failure. Divya alone will cost the company millions.

https://pinnbc.com/the-scaling-leaders-brief/f/166-billion-mistake-why-boards-wait-until-its-too-late

The board doesn't follow this message board.

How long will the BoD hide, and ignore the fact that Ole Danny Boy and his id--t CFO sidekick are running this company to the ground? We obviously overpaid for spectrum, the stock is tanking, $700M loss being booked in Q2, non-existent CEO who only comes around to cough, drink coffee, and get millions in pay. He’s totaly absent and Alphonso is the one in charge, and he doesn’t know if he’s a badger, a kangaroo, or a lion. The BoD should be charged with negligence!!!

Memo to the Board of Directors. A Board Member & a watch dog from the NYDFS needs to be on milestone calls with Accenture & firm managment constantly to oversee this transition. In case you have not see it, our first real glimpse into the major issues w/Accenture have come from a recent lawsuit filed in the Southern District of NY by a former managing director of TIAA-CREF. Her name is Marcella Gift. The accusations, if proven true, should send shivers down the spine of every Board Member, CFO, and CFO. Read this from the Complaint:

**"106. Ms. Gift provided specific examples of products and services dependent on Record
Keeping Transformation work with Accenture and launching in Q4 2025, which were
experiencing serious challenges. The first was Annuity Payment Automation for the SIA product
recently launched for 401(k) accounts where the recordkeeper is TIAA or another party. The
second was MyChoice MYGA."

"114. By the end of July 2025, there were critical failures in the overarching Accenture/TIAA Recordkeeping partnership, and by September 2025, there were critical failures in the launch of
the products named by Ms. Gift."

"134. As Ms. Gift was under the threat of the written warning, she was forced to comply and said nothing about the documented and unfolding problems. Months later, the launch of MyChoice MYGA was imperiled. Had the observed problems been escalated in June, providing a long runway for a solution to be devised, TIAA teams would not have been working round the
clock, seven days a week, to build and test the technology needed to launch the product. Instead, TIAA product and technology teams were only made aware in September that Accenture would not be able to meet the October delivery date."

"139. Penrose also learned that there were significant problems in the support model from Accenture and that these problems were creating obstacles to achieving necessary goals and
milestones. He was also surprised to hear this. These were the same concerns that Ms. Gift had been raising. This was also inextricably linked to the requirements laid out in the MSA for the NBIA program."

"By July 2025,
the overall Accenture/TIAA recordkeeping performance scorecard was flashing red due to missed milestones and other failings. By September 2025, the ability to launch MyChoice MYGA in October/November 2025 was severely compromised due to critical failures in technology resourcing through RKT, scoping, and achievement of technology delivery
milestones."**

All to save 30% in Labor Costs

Will the Board continue to increase the dividend in September, or keep it flat, now that the company is no longer part of the DJIA?

Maybe it is time to reinvest in 'the Network' instead of social justice warrior networks. Elon Musk solved the rural broadband issue, while this company bobbled the ball again.

Maybe they should keep increasing the dividend, as none of the strategy groups have come up with a single investment that has returned its cost of capital in more than a decade. See the stock price for details, should there be any doubters!

June 2026
The New Board Member
Last week — on June 19, 2026 — Centene quietly expanded its Board of Directors from 9 to 10 members, appointing Lauren M. Tyler. She comes from over two decades at JPMorgan Chase, where she held roles including Global Head of HR for Asset and Wealth Management, Global Firmwide Chief Auditor, and Global Head of Investor Relations. She also sits on the boards of Cencora and Guardian Life.
On paper, this looks like a routine governance move. But the timing tells a different story.
Tyler is landing on two specific committees: Audit and Compensation and Talent. The Compensation and Talent Committee is the committee that oversees workforce decisions and pay structures — the exact committee with oversight over something like, say, a Voluntary Separation Package going out company-wide.
The Context Nobody Is Saying Out Loud
Centene reported a loss of nearly $6.7 billion in 2025. Medicaid redeterminations have been chipping away at membership for the past two years. ACA subsidy uncertainty is real. And now, with the current administration's push to reduce federal Medicaid funding, the core of Centene's business model — which is roughly 70%+ Medicaid managed care — is under direct pressure.
The VSP is not a surprise. It is a logical first move when a company needs to reduce headcount costs without triggering the optics of hard layoffs. The question everyone should be asking is: what comes after the VSP if not enough people take it?
The Macro Picture
The health sector broadly is in a tough spot right now — and this isn't just a Centene problem. Managed care organizations that depend heavily on government-sponsored programs are caught between:
Federal Medicaid funding proposals that could significantly reduce reimbursement
Rising medical costs that squeezed margins across the industry in 2024–2025
A regulatory environment that is increasingly unpredictable
Centene has actually shown some improvement — they raised their 2026 earnings guidance after Q1 results came in better than expected, largely due to successfully wrestling down medical costs. So it's not all bad. But the workforce reduction is clearly part of that margin protection strategy.
What This Means for Employees
If you are weighing the VSP, here are the honest things to consider:
Evaluate the package terms carefully. Look at severance weeks per year of service, how long COBRA coverage extends, and whether unvested equity is being paid out. Don't just look at the headline cash number.
The job market for healthcare tech is still active. Skills in Go, Kubernetes, observability tools, and cloud infrastructure are in demand outside of managed care. Your experience doesn't disappear when you leave.
Waiting may not be safer. If VSP participation is lower than targets, involuntary reductions often follow. That changes your negotiating position significantly.
The board is tightening its grip, not loosening it. Bringing in a JPMorgan finance and HR veteran onto the Compensation committee right now is a signal about the direction of governance — not a signal that things are about to get more employee-friendly.
Final Thought
The people who built this company and kept it running through a $6.7 billion loss year deserve better than a rushed exit package. But the reality is that the strategic decisions being made right now are being made at the board level, not by your direct manager or even your VP.
If you can swing it financially, taking the VSP and controlling your own exit is better than waiting to see what comes next. If you can't swing it, start building your options now regardless.
Wishing all Centene employees the best — whatever you decide.
This article reflects publicly available information and personal observations. All financial figures sourced from Centene's public SEC filings and press releases.

The VSP makes sense for me. I am fortunate and I know it. And I get the fear of everyone. I have heard via a high ranking person within the company that pretty much everyone that asks for it will get it. They might be kept beyond the 9/1 date due to a project or something.
I get what is happening, but the people who don't place the blame 90% on the shoulders of Sarah London and the BOD are misguided. Last week we saw the BOD firming up their grip on power by bringing in another person on their side. This is unfortunate for the employees and probably the stockholders as well.
I wish all my coworkers well, but if you can swing it, take the VSP and move on.

We know someone is reading this...I heard today "this is the last one this year" this is the 3rd time this year I have heard that. That is why you are not trusted. It is that simple. You don't tell us the truth over and over again. This is the last one this year....most dont believe you. Board Members. The execs are not trusted. No exec managers. I know why you tow the company line. You dont want to be next. Grow a pair and stop lying also.

https://www.prnewswire.com/news-releases/centene-appoints-lauren-m-tyler-to-board-of-directors-302806827.html

Improving the health of the balance sheet, one margin point and one severance agreement at a time.

You know if you don’t like the way things are going, you can vote for/against trustees. We are all investors through the 401k and the proxy stuff just was emailed out.

Congratulations to everyone on successfully participating in the CEO selection process by existing under it.

This is your friendly reminder that we'll all spend more waking hours under our CEO than under most elected officials, yet one is chosen by millions and the other by a handful of board members.

This has been the worst handled succession plan by a Board since Jack Welch retired from GE. Now the only option left will be to no real up the company. Clover alone is worth the current market cap. Mike was never the right selection but the fact that that they couldn't retain him speaks to the ineptness of the current Chair and Board. Even the activist investor knew it was a weak Board.

Sick of seeing RVs face on linkdin plastering bullsh-t to the public and everyone else who fans over him on there while destroying careers behind the scenes. Oh look hosting our board trash in DC. Spending my millions at the expense of bnys employees headcount reduction. Cut 100 people this week so we can eat fancier meals . Cheerio fu----s

https://seekingalpha.com/news/4601923-activist-jana-wants-fiserv-to-sell-more-assets-refresh-board---report

Of course, they have to ki-l the stock to get the dividend rate back to the 7% of 2012. However, Stank will claim it is a victory and the useless board will reward him.

‘On May 26, 2026, Synopsys entered into a cooperation agreement with activist investor Elliott Investment Management that includes appointing Elliott managing partner Jesse Cohn as an independent director, effective June 1, 2026, expanding the board to 11 members.’

The vultures have arrived, surely things will get better now.

"Shareholders rejected a proposal that would ‌have required an independent board chair separate from the CEO role, according to preliminary ​voting results at the annual ​meeting on Wednesday"

A Czech boutique investment fund called STARTEEPO Invest just bought 6.7 million shares of Xerox overnight.

They now own 5.15% of the company. That officially makes a group most people in Norwalk couldn't point to on a map the 4th largest shareholder of Xerox.

What is the move?

This isn’t a passive retirement fund quietly collecting dividends. STARTEEPO filed a Schedule 13D. In corporate speak, that means they plan on speaking up. They just bought a ticket to the party and now they (somehow) want to play the music.

Why now?

Because Xerox is currently on the operating table. The company’s stock price looks like a clearance rack. STARTEEPO looked at a business generating (well, trying to) half a billion dollars in free cash flow with a deeply depressed market value and thought (right or wrong): "It's free real estate".

For the Board of Directors: the cozy, quiet boardroom days are over. Carl Icahn left a vacuum when he exited, and the board probably thought they could restructure in peace. Enter František Bostl (STARTEEPO’s chief). The fund has already explicitly stated they want to "discuss board composition and strategy".

Translation: Pack your bags, some of you are getting evicted.

For Xerox Management: expect a massive fire under executive chairs to accelerate, tweak, even change the plans underway. If management can't turn a profit fast enough, this fund will happily find people who claim they can.

Xerox spent years trying to "reinvent" itself into a sleek, modern tech-and-services company; instead, they moved so slowly they became prime bait for a mid-sized European activist fund looking for a cheap, cash-generating target.

Now, Xerox either delivers on its promises immediately, or a fund from Prague is going to dictate the terms of its survival.

Board, I know you are meeting tomorrow. This trend has to stop. Whatever polish this ELT tries to put on it, you need to hold them accountable.

YTD, PSX is up 36% while MPC is up 55%
1 year, PSX is up 58% and MPC is up 67%

Chemicals is up 70% YTD so we can’t blame CPChem.

The strategy is not working and you need to evaluate the break up scenario. The street is not buying the story and you continue to receive a conglomerate discount. Stop fighting with Elliott and start working constructively with them.

Someone that is in the board. Tim Cook!!!

He knows Nike well, recently step down as CEO of Nike.

He will bring stability that he gave in apple. Bring same old more boring stuff quarter after quarter!!! LOL

https://www.globenewswire.com/news-release/2026/04/30/3285301/0/en/trian-calls-on-solventum-s-board-to-create-value-publishes-open-letter-and-slide-deck.html

New surveillance commissioner in board of directors?

https://finance.yahoo.com/sectors/technology/articles/f5-adds-anand-eswaran-board-201000022.html

Not trying to stir anything, just curious how others see this.

CS sits on the board of Microsoft, and we’re seeing a strong push for Copilot internally.

What is the over/under betting for Arvind's golden parachute as IBM stock drops to $228 down from $324 in a year. I am going with $250,000,000.

Look at the raid of IBM (and imagine the totals for all the other do nothing "execs") below for the last 4 IBM CEOs.

No one knows anyone on the IBM BoD Board of Directors nor what they do other than show up for the steak and lobster dinners. Remember, Arvind is his own boss being both CEO and Chairman of the Board. That is perverse when the CEO is both.

IBM has a very fat and bloated BoD with 14 do nothings. All make approx $500,0000 a year. That is a cool $7,000,000 that goes to them every 12 months plus stock options all stolen from IBM shareholders and employees.

Gerstner started the IBM raid and walked away with over $400,000,000+ and laid off over 100,000 amazing people over 18 months (I was there IBM Chatbot cheerleader).

Gerstner's book "Who says elephants can't dance" should have been titled "Who says I can't rip off IBM in the largest corporate raid in hostory?".

Palmisano $271,000,000

Rometty $144,000,000

https://www.zillow.com/homedetails/96-Norrans-Ridge-Dr-Ridgefield-CT-06877/57345758_zpid/

"AT&T's Free Cash Flow Declined Significantly Last Quarter". Stanks plan isn't working. Plan for a dividend cut down the road. Eliminating jobs isn't the answer. The Board must take immediate action, but all they do is collect a fat check.

Wondering if there is a case for breaches of fiduciary duties, duty of loyalty, and duty of care in the selecting of the short lived CEO. Any legal experts out there want to chime in?

Remember these guys? What a joke. These are what they claim they did below. I haven’t seen any of it. They just got in during low COVID stock price and then claim they were genius because stock price rose?

Action #1: Refresh the Board of Directors with energy experience.

Action #2: Impose greater long-term capital allocation discipline.

Action #3: Implement a strategic plan for long-term value creation.

Action #4: Align management compensation with value creation, not production growth.

This week Washington House hearings on Artic Frost... get ready... Vz will be back in news and the puzzle on CEO immediate termination further exposes incompetence at Vz BOD!