CEO sold 34,000 shares (of 160,709 initial shares) for $17,033,394. That's 21.2% of her total shares!
SEC Form 4: https://www.sec.gov/Archives/edgar/data/1287920/000115603924000109/xslF345X05/wk-form4_1721768559.xml
19 replies (most recent on top)
Gosh, and right before the crash today. What a strange coincidence. (rolls eyes)
If I have $17M in my bank account right now I would not be working here either.
No question she's getting forced out or retiring (or "invited" to retire). I'd like to think she's been given her walking papers, but it's just as likely it's her choice, she's been here 7 yrs and is almost 65.
I too expect an announcement in September, with a 12/31/24 term date, if not her anniversary date in November.
This happens every time a CEO is either retiring or being forced to leave. It happened at Humana & here when the last CEO left. Big changes are happening. I look for them to announce it in September around the same time they tell everyone who is being moved to Carelon.
Seriously hope she is leaving and it could not happen fast enough. She may have been successful in making herself and board members very rich but she’s gutted the company in every way that’s meaningful to employees.
$17 million and that is less than 22 percent of her stock in the company??? That explains why the employee yearly raises have averaged between zero and 3 percent in 8+ percent inflation. I certainly hope karma is a real thing and it takes a big bite out of her and the rest of the greedy $#(*$Z#$....
She hits exactly seven years on 11/13; based on my interpretation of her offer letter (which is public at sec.gov), she's on a year to year contract, but what isn't clear if the terms are her anniversary date or 12/31.
Either way, I would not be surprised at all if it is announced she's leaving at any point between August and Q1. Her birthdate isn't public, but her YOB is; she'll be 65 sometime next year.
The economy is crashing so she’s probably trying to get the most she can now. That or she knows something we don’t and we’re all sc--wed.
Also this on the same day
https://www.tradingview.com/news/tradingview:c3cde809e63d7:0-elevance-health-director-dixon-robert-l-jr-sells-shares/
Why is everyone calling them a she and not they them? That’s offensive.
Maybe she’ll retire soon….
Just hoping that Nicolai (Nicki) Agcaoili
or Rajat Puri don’t become our new CEOs! Then that means most of the jobs will be sent to India or the philippines..
Oh wait !
More to go offshore —
HEALTHCARE contact center and nurse services provider Carelon Solutions Global Philippines is seeking to add a thousand more seats to its Philippine operation by next year, breaching its 10,000-worker staffing target
https://www.bworldonline.com/labor-and-management/2024/05/17/595716/healthcare-focused-contact-center-to-add-1000-more-seats-next-year/
Gail did her job. She gutted this place, turned it into a clown show, and made the shareholders (including herself) a LOT of money. She is going to bounce out of here because she knows what is coming.
I doubt she would quit in middle of the year, but you never know.
She still has 121,000 shares to sell!
I would think she leaves at the end of 2024. The current President of Carelon likely takes over as CEO.
@ksb+1tFV6uf9 That's my opinion. I think she is about to step down. Could be good or bad but it will probably quiet down for a little while until her replacement is chosen and things are up and running again.
Certainly didnt see this coming, talk about sh$# hitting the fan. Brace yourself everyone i feel this RIF is gonna be special one for us
I wonder if she is leaving the company soon. Is that the change? I know FN sold a bunch of stock in April.
Bad. Very bad.
Is this a good sign or a bad one?