What is the real reason for these actions?
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Lasar is totally unethical, it really concerns me for my future.
The current interim CEO of HCSC was the former chairman of the HCSC board, then the former IL Plan President was named President of HCSC. The CEO and President is now split, unlike before. The current interim CEO of HCSC has no health care background and seems to be grooming the company for an M&A move. HCSC was customer owned and a non stock company but a former CEO of Halliburton, and now interim CEO of HCSC had different ideas.
The current CEO is a hatchet man for the Chairman of the Board. The current CEO has a history of ethical issues. Google "Zinke Lesar" for a recent example. HCSC says ethics are a key to its business philosophy. Apparently the CEO is exempt. Anyways, the HCSC Chairman of the Board has been grooming the current HCSC President for 15 years to be CEO because of personal reasons. This current housecleaning, including the previous CEO, has many of the currently fired folks with ties to previous leadership that fell out of favor, is to prepare for a merger for another non-stock Blues company. This way, wit a smaller plan than Anthem, Milton Carroll's hand picked CEO of 15 years ago can take over the newly merged company.
BCBS North Carolina has the interm CEO
2 words: An Them
JD Hickey has been the CEO at BCBS Tennessee since 2015. Not interim.
BCBS Tennessee also has an interm CEO and is where id place bets
I would look at Regence BCBS. It, like HCSC, is not a publicly traded stock company making it easier to get approval from the states involved. No federal approval needed. A merger with the smaller Regence would make it more likely that senior HCSC leaders like the HCSC President will have jobs after the merger.
Sure looks like it
Yes, look up anthem on here. They are doing the same thing