Hearing that board extremely unhappy with her..
called her uninspiring and thus to prove a point she is purchasing large sum of ELV stocks.
Guess that she may be out after next quarter resulted.
13 replies (most recent on top)
Don’t get excited. Board loves her and Ratchet, Horseboy, and Two-Watch can’t take over without ki-ling their businesses more. Hopefully someone smart from outside?
OP
try this read - investigation and claim of fraud - Medicaid
https://www.blbglaw.com/cases-investigations/elevance
Let's face it, the CEO is not cut from the same cloth as Steve Jobs, Elon Musk, or Michael Dell. The health insurance industry is mature and somewhat on autopilot, so a 'figurehead' CEO is all that is needed.
1980s Gail grew up in a corporate environment that glorified people like "Chainsaw Al" Dunlap, "Neutron Jack" Welch, and "Queen of Mean" Leona Helmsley. That is the model she knows and follows, without much creativity to add to the mix.
Let's face it, the CEO is not cut from the same cloth as Steve Jobs, Elon Musk, or Michael Dell. The health insurance industry is mature on somewhat on autopilot, so a 'figurehead' CEO is all that is needed.
1980s Gail grew up in a corporate environment that glorified people like "Chainsaw Al" Dunlap, "Neutron Jack" Welch, and "Queen of Mean" Leona Helmsley. That is the model she knows and follows, without much creativity to add to the mix.
Well if our fearless leader likes the stock at $300 she must love it even more at $280 (price at lunchtime today).
No creativity in solutions, no transparency, no real plan to correct, no real BD strategy for Medicaid turn around, losing Medicaid alliances has become our specialty and we didn’t solve provider issues (impacting our reputation nationally) as even the bandaids are falling off!! Very sad to see how poorly ELT leads and does give the teams the tools to correct anything!
Even if the board boots her out, she will leave with plenty of money. And sadly, one of the other grunts will be moved into her slot. Don’t expect changes for the better.
@ch OMG culture is terrible, and what SLT could not foresee Medicaid redeterminations which we've known about for years, and the at a minimum 50% chance Trump would get reelected so the benefits for non-citizens, which WE ALL KNEW were being given, would end, lowering membership. You could not plan for that?? All the ways we "could" improve our numbers now involve outside forces which we cannot control. RIFs won't help anymore. We are down to the bare bones in servicing customers. All of this was easily foreseeable, but we didn't plan for it — SLT only looks at the next quarter.
Let's not forget the team of puppets she has assembled under her. She needs to go along with most all the SLT members. Her legacy is bringing the United Healthcare bullsh*t ways and toxic culture to Anthem and ruining our company. The Board is equally liable.
As an employee and shareholder, I’m completely disgusted with everyone in the C-suite. It’s their job to know what’s ahead for the business, set strategy, and execute. This nonsense of invoking industry-wide “headwinds” and external market conditions is an obvious admission of “we failed, but hey, everyone else is , too”. IMHO multiple leaders need to be held accountable and shown the door.
Someone should be held accountable. I'm sitting in my "rent a cube" collaborating over the phone just like i do at home and all I hear in the background is the clicking of the stock price dropping. First cut should be all the useless rent we are paying, doesn't take an accountant to figure out those are unnecessary expenses .
Oh please that large sum was a drop in the bucket for her. The board is just as guilty for letting this charade go on for as long as it has. It’s been one failed project after another to the point where we have sacrificed so much quality we are losing business. It’s all been offset with offshoring as much as possible and with RIF after RIF. It has finally reached the tipping point and now that the stock has plummeted the board is crying uncle. They are all equally to blame for this train wreck
She hasn't said one thing that would change ELV trajectory that did not rely on outside forces improving. There's no chance in an increase in Medicaid/Medicare until after Trump leaves office, not commercial I guess she's just hoping for good luck??