Thread regarding Centene Corp. layoffs

No weapon formed against us shall prosper. They way Centene done people will not end nice. I pray for Neidorff and the rest of the VP's.

I'd disagree regarding cutting executive compensation as part of a retrenching. When shareholders see that top management is willing to take a substantial hit for the company, putting long term performance ahead of their personal interest, and to have funds so that mass layoffs aren't necessary, if it's properly positioned and communicated, it's a win. Especially as Centene is, in large part with MA and Medicaid, publicly funded and Federal/State regulated, serving the elderly plus those who cannot afford insurance. And the military via Tricare.

MFN's and executive comp plus headcount, under the circumstances, should be reduced. They've all done well over many years. To not do so leaves them wide open to state and Federal scrutiny. But of course, that will be avoided.

His town halls are a joke. The more he talks, the more he makes himself and his c-suite peeps look bad. Constantly saying the word “cubies” as a reminder that we will be returning to the office and when someone asked about how Medicare For All will impact our industry, his response was “that’s a political soundbite”, and brags about himself being on board of directors for civic groups during a time of civil unrest he’s such a dinosaur who only cares about himself.

I always find it odd how CEOs and leaders earn such ridiculous salaries leading Medicaid and Medicare plans. Hopefully he does retire soon, the POS.

The street loses confidence in the company if the CEO’s compensation is reduced. This drives down the share price and reduces shareholder wealth.

Like the vast majority of companies, Centene exists to purely to increase shareholder wealth, as opposed to having a positive impact on society. So, c-suite compensation only goes up. Meanwhile, the average worker is willing to do more for less, and suffers in the process.

So, let Neidorff worry about the important things, like when he might actually retire - or which one of his bathrooms he left his Rolex in.