Don't buy Oak St and Signify for $20B and then look for $2B in cuts and savings. Huge mistakes!
21 replies (most recent on top)
This aged poorly now that the company and the stock price is now in a tailspin: https://www.cvshealth.com/news/diversity-equity-inclusion/cvs-health-commits-nearly-600-million-to-address-racial-inequali.html
@3gri+1tVGHwqC "NONE of this existed in the 60's." Race-based hiring existed in the 60s, for whites. It exists now under the title "DEI" for nonwhites. The poster is exactly correct and your reading comprehension problems only prove their point about the lack of merit in DEI.
"I think you're probably an alt-right, incel poster boy with anger management issues, fueled by manufactured grievances and conspiracy theories. Find a hobby, son." And there's the classic unwarranted lash out when their political back is against the wall and they still want preferential treatment. Not everyone who dislikes race-based hiring is an alt-right incel poster boy.
@5goa+1tVGHwqC Yes, and I remember when Yale invited Dr. Aruna Khilanani to speak in 2021. Take a peak at some of the things she said. It is LONG overdue for people to push back against ideological cancer.
Speaking of DEI, remember when CVS brought Ibram X Kendi to speak to corp… such an influential individual #neverforget
Post ID: @3nyb+1tVGHwqC, again, NONE of this existed in the 60's. But the way you're whining about it, I think you're probably an alt-right, incel poster boy with anger management issues, fueled by manufactured grievances and conspiracy theories. Find a hobby, son.
@3cai+1tVGHwqC "There WAS no DEI in the 1960's. You're kinda busting yourself out. LOL... id--t" DEI hire hands typed this. The sentence was "Race based hiring and preferential treatment masquerading as DEI has the same problem it always did, even in the 1960s." Race-based hiring and preferential treatment certainly did exist in the 1960s. id--t
Post ID: @2mqa+1tVGHwqC, There WAS no DEI in the 1960's. You're kinda busting yourself out. LOL... id--t.
If they fired every employee of oak it still wouldn't make money
@mbw+1tVGHwqC @lcb+1tVGHwqC People here actually work at CVS and are well aware that we have bimonthly DEI trainings that flush money down the toilet and push a political agenda instead of teaching people to do their jobs. Couple that with likely illegal pushes to perform race based hiring (VP comp based on race composition of teams) and there is a serious problem that has nothing to do with the races being hired. Race based hiring and preferential treatment masquerading as DEI has the same problem it always did, even in the 1960s - the elimination of merit and merit's perceived value within the org.
Sig and oak are money pits and everyone knows it. Both deals will be written down to nothing within 5 years guaranteed
When does Aetna bring Berto back?
So it loses money but brings in money? What? If we borrowed $20B to lose $200M on that business, that’s incredibly stupid.
Post ID: @ijs+1tVGHwqC, no one has ever forced anyone to use pronouns at CVS, so stop lying and trying to start sh-t.
Ahhhhh, yes, Post ID: @byr+1tVGHwqC... and here come the clowny "DEI Antagonists" even though nothing in this conversation has anything to do with DEI. What's next? You gonna go back to pretending to be an "Engineer" ? LOL. This guy has your number:
https://youtu.be/NJmsovE8rXM?si=ma2aJwoaBAtI5I_U
One reply mentions $200-300million loss on a $20B investment. Understood, but that's exactly the point. Invest for profit not loss. 5% interest would have returned $1B instead of wasting it away! But whom am I because these executives are supposed to be much smarter.
Bye DEI and see the tide change. I don't like being forced to use pronouns. It's communism
Easy. Cut DEI and woke initiatives. The company will be back on track in a few months. No other layoffs needed. Can bring back when on steady ground again on a smaller scale.
I understand your frustration but remember that is does bring in money. So it may have cost 20 billion but that isn’t the loss. The loss is 200-300 million. Yes that’s a lot, just a reminder.
When she consistently pi-ps the “highest volume” ever in the quarterly calls re Signify, you know it’s operating performance is trash. Volume is meaningless to profit if each unit of volume is losing money. She’s a hack and her dropping $20B on two losing ventures while simultaneously losing $15B in market cap should have been enough to send her packing
Everyone is right. She's gotta STOP buying out these other companies it's ki-ling us. Enough! Concentrate on what we have. Out compliance back in place. Sounds like the quality of work is sh-t across the board. Goes back to my point in another post. STOP OUTSOURCING keep the experts in the company. QUALITY IVER QUANTITY
Dumping money into primary care and urgent care is extraordinarily low IQ behavior. These areas of healthcare are capital intensive, low margin, race-to-the-bottom nonsense and it's made even more risky by the potential for accusations of steering.
Bingo! Karen's deals and yet she's still here! Neither of those companies will ever make a dime...guaranteed.