Thread regarding Cigna layoffs

BH - Thanks for spending all that money, hundreds of thousands, so you could get some signed memorabilia from Magic Johnson. The cost of that joke cost at least 8 people their jobs. But great photo op. Meanwhile people are losing their jobs.

@jq Yeah, maybe they’re just incredibly lucky and aren’t trading on inside information about things like Cordani’s retirement announcement. It’s all just a big coincidence! Give me a break.

They’re “lucky” with their stock timing the same way members of Congress such as Richard Burr, Nancy Pelosi or Kelly Loeffler are “lucky.”

@jq I don’t know about that. Knowledge of Cordani stepping down definitely wasn’t public information. And they sold the day before this announcement? Hmm.

@jp

Definitely not insider trading though.
They were just fortunate.

The stock was sold the day before DC's retirement announcement.

In related news, insider Nicole S. Jones sold 2,307 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $288.91, for a total value of $666,515.37.
Also, insider Everett Neville sold 1,719 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $288.91, for a total transaction of $496,636.29.
GO TAKE A LOOK AT THE STOCK PRICE FOR THE LAST MONTH....THAT WAS THE HIGHEST IT HAS BEEN AND HAS BEEN PLUMMETING EVER SINCE.

@de don’t let the door hit you in the a-s on the way out. If you aren’t aligned with this mission, leave…

@dt just google her name and substack-
Up comes her numerous self promoting writings based on unrealistic life stories

These over-paid “highly educated” white-collars are now terrified of AI coming for their jobs.

@dk

How would one go about finding these musings?

Wonder what our friend Katya is taking home. Given she works part time. Her full-time job seems to be writing her blogs and articles. About her amazing life. She writes for the rich women of southern Connecticut's gold coast. If you have not read her self-promoting BS, you need to. The only thing she got right in any of those ridiculous ramblings is the fact that she considers her writing to be a compost pile. So correct. Smelly, rotting, zilch. Just like her work at Cigna. When is this mirage getting off our payroll?

@bm

Making a penny for your family, a dollar for Cordani and keeping that boot firmly lodged down your throat.

Not sure that's the flex that you seem to believe it is, chief.

@bk the old Bootlicker comments. I just enjoy delivering, being a top performer, and making money for my family.

@bd

As opposed to the true narrative of you being a class A bootlicker?

@bd The Cigna stock price is down 25% over the past 2 years while the S&P 500 went up 30%. Great job!

The company has grown and continues to grow. I love the false narratives.

@aq I’m pretty sure we mostly paid Magic Johnson to hang out with Mike Triplett.

And you know we paid him a lot.

But DC played basketball with black guys and cares about Cigna, and BE has a family and loves to workout. They’re earning that money.

I often wonder how much they paid Magic Johnson to do whatever it was he did for us.

Every time I get an urge to work hard, be proactive, share information, or minimize waste, I remember executive compensation and drop those ideas with a quickness.

Disgusting!

No, they are not worth that. It’s disgusting that they make that much money. Their pay should be the first thing cut before anyone loses their job. It’s disgusting they keep making more each year and when they inevitably fail to deliver, it’s always someone else that pays. Karma will get them eventually, rather this life, the after life or the next.

How do these people sleep at night? A true leader would actually take some responsibility and not just keep paying themselves more while making the employees feel all the pain.

There are multiple examples of CEOs who took pay cuts when their companies have been struggling to avoid layoffs, boost morale, or lead by example. This includes Dan Price (Gravity Payments), who cut his $1.1M salary to $70k, Bob Iger, who gave up his salary during the pandemic when Disney was struggling, as well as people like Carlos Alberini (Guess), Eric Artz (REI) Pat Gelsinger (Intel) and John Mackey (Whole Foods).

But that’s not the kind of leadership we have unfortunately.