was bored and decided to see who Centene top investors are, and know that I know who they are, I feel like I know understand why things are happening and running the way they do lol
8 replies (most recent on top)
The board decision making is to hire and fire the CEO, all those hedge funds have liability to other investors they don't own the world as you think or told. All the sh-t show going on in Centene is management, a DEI hired mediocre CEO that only likes to ramble about culture and speak a bunch of nonsense in earnings call,but does nothing of value for the organization, they just need Sarah out and some those id--ts she hired and I am sure many things will be better, this organization is ruderles and that is very dangerous, the board itself should be very concerned
Anyone who sees who the top investors are can clearly see that this company’s mission is false.
Since when do Vanguard, Blackrock, State Street, and Capital research care about providing people with affordable healthcare??
Like be serious lol.
I’m not going to elaborate further because idk who reads these threads but for anyone interested simply look into Blckrock and Vanguard and decide for yourself on whether or not these companies truly care about the average person like you or I.
Owning a lot of shares, allows you to have votes on the board, and do you really think any of these board members are going to agree to put policies in place that truly benefit the people if it causes less $$$ to go into their pockets?
At one point as a society we really have to sit down and ask ourselves since when did we become normalized to allowing corps to basically continue to sc--w us over as employees and as citizens. Anyone with knowledge and empathy can see that having these 4 companies as major investors clearly goes against the overall mission of providing affordable healthcare. And don’t tell me Affordbale healthcare is a luxury okay. Even many developing countries provide good affordable healthcare to their citizens. Stop being blind.
Adding to the previous comment: Just to be very clear: modern corporate law does NOT require profits at the expense of everything else, and maximizing profits or shareholder value is not the same thing as serving shareholders' best interests.
Someone just commented: "Corporations are obligated to their stockholders to make money any way they can". We hear this all the time. It is indoctrination by the money grubbing elite. A company selling health "insurance" and pretending to be health care is a criminal organization to begin with, so at this point we are just splitting hairs. Look in the mirror. Do you want to help the greedy pig class rip people off for a living or not? It is that simple.
All you need is one name from the top Institutional Holders to see where priorities are: Blackrock Inc. (Centene is NOT about helping people obtain affordable healthcare)
"I agree and believe this all by design."
Designed for what? Make more money?
Corporations are obligated to their stockholders to do what is best for those stockholders. What is best is to run the business as efficiently and profitably as possible. If the stockholders don't believe the CEO is doing so they will oust that CEO and hire another.
I agree and believe this all by design.
Elaborate