I saw this post earlier and thought it was worth to share here. When Nintendo faced disappointing sales during the Wii U era, the company’s leadership made an unusual decision.
Instead of reducing staff, then, president Satoru Iwata voluntarily cut his own salary, and other executives also accepted pay reductions.
The move was meant to protect employees, maintain morale, and preserve the creative culture that Nintendo believed was essential for long-term success. It became a widely discussed example of leadership taking responsibility during difficult financial periods rather than passing the burden directly onto workers.
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@kj Found a nice synopsis of the tale -
https://www.theracetothebottom.org/rttb/2020/10/1/the-failed-cigna-anthem-merger-a-corporate-soap-opera
@k4 You’re referring to the deal where Anthem was going to acquire Cigna. Google “Anthem Cigna deal unethical behavior” or something similar. He took many unethical, secret actions to sabotage the deal that had already been signed as soon as learned he wouldn’t be the CEO of the combined company. Definitely out for himself.
@a2 Remember when the merger with Blue Cross was being looked at? Senior leadership on both sides egos ki-led that deal. Cigna's CEO has the highest pay with the most OK-ish results. The entire leadership team is the same - Po-p rolls downhill.
@e1 Blackrocks has around 7% of the overall shares…..
We went in the toilet as a good company to work for back in 2002 or so when we almost went belly up because of transformation. Ever since then they have done nothing but look for ways to nickel and dime employees and stick it to members.
@e0 iF yoU doNt Like It whY doNt u LeAve <- said to shut down any dissent
@dy If he was in charge and elevated during the 2008/2009 Financial Crisis that explains ALOT. Around the time Blackrock seems to have gotten more in control of the US economy.
@dn Again with the insults. When you have run out of arguments, resort to the gutter. Maybe you should focus on learning a new skill that would allow you to find another position where you are happy, maybe in another company. The world does not owe you anything. Life is full of choices and no one is stopping you from making them.
@dx Cindy sounds like a legend. Wish I met her.
@a2 wrong and highly emotional of you. You should think more. He's actually done a terrible job for shareholders and shareholders would have been much better off investing in a broad S&P 500 index over the past 5 and 10 years. He's had some good organic growth in US Healthcare and International Healthcare but other than that he's been a net destructor of capital. Cigna trades at a discount to it's free cash flow for a reason, and the reason isn't because the market fails to recognize Cigna as a quality business, it's because Cigna is not a quality business. Much of that is on him since he's been in charge since 2008/2009. He could have taken the company in a wide variety of directions.
Cindy left because David wanted to reduce staff by 10% and she refused to do it. Kari got the job because she got on board quickly. David gets paid about $20mm per year but Cigna's market cap is roughly the same as when he spent $54 billion to buy Express Scripts. There's a reason the ELT's goals are tied to easily manipulated metrics (adjusted EPS).
@cw Our senior "leaders" are not leaders at all but total goblins.
@dm This reeks of classism
@dj If it's all so horrible and unfair, quit. Find another job. Become your own boss. Maybe you can start a taco truck on Tuesdays. Being envious of DC or anyone else is not productive. Feeling as if the company or anyone owes you isn't either.
Calling people names isn't going to solve your issues. Do something to better yourself.
@dh why don't you go bootlick
@da This entire thread should be titled "It's not fair, wah"
@cw Does any leader follow this bs any more? They follow the me first movement
There was a time when leaders were like this. Now they are told what to do by shareholders. Cordani is someone’s bi--h. He’ll do what he’s told so he can buy his boats, houses, cars, vacations, etc.
"Leaders Eat Last," popularised by Simon Sinek, means that true leaders prioritize their team's safety, well-being, and needs above their own. Inspired by the U.S. Marine Corps, this philosophy signifies that leadership is a responsibility to serve, not a rank to be served, fostering trust and loyalty.
In contrast, our senior "leaders" knock people over in their haste to overfill their plates, taking second and third helpings before workers even see the front of the serving station. And you see the resulting trust and loyalty levels in action every day.
Do you think he uses stand out points for his Cigna swag?
If anyone thinks this is a real question keep scrolling.
As of February 2026, David Cordani, Chairman and CEO of The Cigna Group, has an estimated net worth of at least $182 million to $185.9 million. His fortune is primarily driven by his ownership of over 621,000 shares of Cigna Group (CI) stock, valued at over $181 million, along with holdings in General
Key Compensation Details:
2024 Compensation: $23.25 million.
2021 Compensation: Over $91 million (realized gains).
Role: CEO since 2009, Chairman since 2022.
Position: Recognized as one of the highest-paid insurance company executives.
Japanese culture is predicated on honor and accountability.
I think David would rather sacrifice 2-20% of the company before he or other ELT would ever offer a pay cut for themselves - he is greedy and a power-monger with an ego the size of DJT
David never makes mistakes or would admit to them in public and probably tight as a ticks a**
He needs to keep his net wealth over 100M
I’ve lost all confidence in Cigna and the ELT after this latest chapter of hanging the workers in suspense like it’s a big game to them no compassion no empathy it’s all about the share holders