Thread regarding UnitedHealth Group Inc. layoffs

Inside the Spectacular Downfall of UnitedHealth and Its CEO

  • UnitedHealth’s market capitalization plunged after disappointing earnings announcements.
  • Aggressive business practices, regulatory changes and higher costs for Medicare patients contributed to UnitedHealth’s financial decline.
  • CEO Andrew Witty, lacking U.S. insurance experience, was replaced by Stephen Hemsley, UnitedHealth’s chairman and former longtime chief.

https://www.wsj.com/health/healthcare/unitedhealth-ceo-andrew-witty-medicare-dde1964c

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| 3941 views | | 10 replies (last June 5, 2025) | Reply
Post ID: @OP+1jwqcndbv

10 replies (most recent on top)

Steve hired him, hired him Just for what he did at Glaxo. He was a subject matter expert in how to get around those pesky regulatory requirements and was doing a good job till the incident. Don’t be fooled these guys all talk a good game while behind the scene they are instructing their bobble head VP’s ,directors, managers to walk the puppet walk. There is no ethics here . Just big guys pulling strings .

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Post ID: @sq+1jwqcndbv

Where do they find these CEOs, they kcus

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Post ID: @pk+1jwqcndbv

WSJ article points to his toying with two HQ ( DC and MN) and working from London created a hands off culture. Many things went wrong for such an expensive hire CEO. He hired way too many strange characters with no healthcare or relevant experience.

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Post ID: @n6+1jwqcndbv

Witty destroyed GlaxoSmithKline and now UHG. Wrong hire from the start.

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Post ID: @dy+1jwqcndbv

Witty got what $itty does! He will be in the case studies of what not to do. How can he not fire IT leadership after the Change/Capitol hill hearing fiasco?

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Post ID: @dt+1jwqcndbv

The other thread is posting about UHC changing its name. Maybe it wants to start fresh after Twitty.

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Post ID: @dc+1jwqcndbv

I've already forgotten him.

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Post ID: @db+1jwqcndbv

I liked him

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Post ID: @c3+1jwqcndbv

Witty surrounded himself with Yes persons. Emperor didn’t have clothes on.

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Post ID: @c2+1jwqcndbv

No lessons will be learned.

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Post ID: @bt+1jwqcndbv

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