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Yep, now that the old man is out, looks like a little more ease for Work at Home.
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What stood out for me was Centene considering leasing out or selling real estate because they are transitioning some positions to full remote. That's a sharp contrast from a year ago when they insisted full remote was not an option and they preferred in person working. I guess being pressured by a hedge fund to increase margins and their stock price is more important to them than what their employees feel huh? Who would've thought?
I was shocked to learn we had about 125 BILLION in revenue last year when the projected number was 116Billion. Compared to 2019 before the Wellcare acquisition, we had 70/75 BILLION in Revenue. That's a huge leap in a short time. I'm curious to know what our expenses are.
If the CEO can give himself 125 million last year (I believe that's what I read in an article about the most compensated CEOs, maybe it was 145 million I can't remember but it was an ungodly amount.) then one can only hope they take some of that money and reinvest it in their employees! With inflation, rent going up, property tax, housing prices on the rise, food costing more, ect they give raises that cover inflation PLUS help us live a little more comfortable for helping them achieve that 125 BILLION. Only seems logical to give us what we need to not only live comfortably but properly plan our retirements, save for our children's college funds ect. I've done the math. They could EASILY give every employee 200k a yr and it would be about 10% of that revenue!
Employees could save for retirement properly and not worry about how they are going to live after 65. They could buy decent cars, buy homes and afford them! Plan for their children's college funds, graduations , actually afford vacations! Since mental health is so important to the company, giving employees their fair share of that money would lessen stress, boost confidence and happiness, keep valuable employees, I'm just saying. Even 100k every employee would only be about 5% of that revenue. Maybe get a CEO who won't give himself million $$ raises but only gives employees 2.5%-3% raises. How is that equitable or equal?
Q4 was profitable but the company is falling apart from the inside out. Focus is switching from growth to improving margins. You’ll likely see us sell off or lease out a bunch of corporate real estate. Easy win for margins there.
@anonymous… You don’t?
You actually watched it?
I’m surprised no one has commented on the earnings call. Q4 performance was good. Crickets?