Thread regarding CVS layoffs

Karen is in charge of Aetna still David is taking over at the Top of the restructured company.

There's still no replacement for Kane's job. I wonder if they will give Aetna back to Karen and keep the pharmacy side separate.

I am still waiting for the announcement of who's taking Aetna. Remember Karen never replaced Kane.
I wonder if they give Aetna back to Karen?

"@Numerous inaccuracies and emotional observations in the above. David Joyner did not come out of retirement to take over Karen's role. This was clear to those that carefully read the internal memos. And here's an accurate quotes from Forbes: "CVS Health Chief Executive Officer Karen Lynch has stepped down as the top executive and will be replaced by David Joyner, who has been in charge of the company’s Caremark pharmacy benefit firm, CVS Health said on Friday."

Do you actually trust what's on the news and social media? Best of luck!

Numerous inaccuracies and emotional observations in the above. David Joyner did not come out of retirement to take over Karen's role. This was clear to those that carefully read the internal memos. And here's an accurate quotes from Forbes: "CVS Health Chief Executive Officer Karen Lynch has stepped down as the top executive and will be replaced by David Joyner, who has been in charge of the company’s Caremark pharmacy benefit firm, CVS Health said on Friday."

Years ago David had been in retirement, but came back to take on the Caremark role.
And regarding the comment: "Karen will be on the company payroll for six months..." It's commonplace for someone who was a CEO to stay on in an advisory capacity. Read other SEC files for others at Karen's level and you'll see this is not unusual.

There's nothing that indicates "Karen will be back". That's merely speculation, which doesn't help anyone here one way or the other.

One thing that I'm not seeing here, as some try to assign blame, is that Larry Merlo, Karen's predecessor is the one who initiated CVS' branching out into numerous costly ventures, buying other entities, etc. The wheels were set in motion by him well in advance of Karen coming on board.

It wasn’t explicitly said the KL is not leaving because she is not. She will be on company payroll for next 6 months earning 375k a month. You can check out SEC filing to confirm that. This is all too convenient way for fired executives to make money and get bonuses. I am sure her advise in next months would be Nada and so will be the value.

If what you’re saying is true, then why did CVS also name an EXECUTIVE chairman? Because right now, he calls the shots not DJ or KL. Kinda rare to have an executive chairman, because that means the board will have more power over the day to day operations of the company than the CEO.

"Joyner returned from retirement last year after retiring in 2019.

He was brought back and used as focal spokesperson for CVS and openly bashed Bernie Sanders in a town hall in the 2023.

They keep making it out like he recently retired and came back to right the ship- he’s been on board for the past year…."

CVS is deliberately trying to manipulate, confuse everybody to cover there leadership weaknesses, wrong decisions, and mistakes. This company needs a strong union to control the leadership.

Joyner returned from retirement last year after retiring in 2019.

He was brought back and used as focal spokesperson for CVS and openly bashed Bernie Sanders in a town hall in the 2023.

They keep making it out like he recently retired and came back to right the ship- he’s been on board for the past year….

The moral of the story: In the world of corporate leadership, strategic moves and friendships often play a significant role in shaping decisions and outcomes. Always be mindful of the alliances and relationships that drive actions behind the scenes.