Almost $7B in cash went or will be going towards share buybacks.
Always a debate if this can be used for employee benefits, employee retention, investment in the business vs propping up share price.
Ex: 401k matching hasn't gone up in 15 yrs.
6 replies (most recent on top)
@kks+1q2KPlVn The technology reimbursement costs about $25 million a year. They could have easily retained it but decided to spend on another corporate jet.
They could have used that money to lower our employee insurance premiums a bit more. This is the most expensive insurance I’ve ever had to pay for (used to work at physician offices and hospitals). Or even just give us a little one time bonus since most of us got taken off the bonus plan
Even though is not a good plan for and org, I don't think they will be that liquid to buybacks that many stocks,
They are shrinking in Revenue , they didn't deliver in sh-t this year, a bunch of words and smoke and mirrors, stocks buybacks is it, ransacking the company, they can't grow organically with the Sarah the fraud , a bit more profitability at the expense of firing the masses or " SG&A cuts", which is starting to backfire big time, what a sh-t show of a company
That's Centene only plan, stocks buybacks, continue losing business in medicare and Medicaid , and hoping to grow marketplace, plan for disaster with CEO that is just a power point reader id--t.
2024 hasn’t began and they raised guidance already. Guess where part of the raised guidance comes from? The $50 technology reimbursements taken from us employees. Greed