Light up your social burner social accounts with this information to destroy their plan.
A company going public is entirely under the SEC's control. An early leak triggers serious regulatory risks related to "g-n-jumping" and the quiet period, potentially leading to costly delays, increased legal liability, and even the derailment of the entire IPO.
Respectfully, This is not the direction…we have an undeniable advantage over competitors remaining privately owned. With 2nd Blue Bid, private ownership gives us an upper hand over other carriers (Blue and non-Blue). I see your point, but it doesn’t hold weight in reality.
Also, the BOD controls the company regardless if the company is private or public. HCSC is positioned well from a corporate governance standpoint. Sad to see the layoffs happen - had a few solid individuals in my area get cut…wishing them the best
Well I hope they understand when they go public they actually have to disclose breaches like the BAM Well on Target to a real audience rather than just sweeping it under the rug like there's nothing to see here.
@a8 that’s exactly the point. You think their payouts are big now? Wait until this place sells to someone like Elevance. They won’t need an entire new leadership team, Elevance will take over and MS will remain chair. It’s an exit strategy plan in the event Cigna truly goes bust and we lose more in national accounts.
Are you serious? Why would HCSC want to report its numbers every quarter. You would need a entire new management team.
@OP going public would help clear out a lot of the internal corruption
@OP public companies are controlled by their Board of Directors who have a fiduciary duty to act in the interest of the company’s share holders. And yes, public companies are regulated by the SEC - to protect shareholders.
I can’t imagine the boardwould ever want the scrutiny faced by a public company, nor the accountability for their salaries.