Thread regarding Optum layoffs

I think Witty and all the executive team need to adopt full transparency as policy. They hid from the investors the DOJ investigation on insider trading and monopoly practices. Many other lawsuits all over the country from accusations of fraud to claims denials. The stocks price has devalued $62 since Wednesday. That is not the employees' fault, but they are victims to the deals affecting their raises, bonuses and other benefits. It is a domino effect and the executives are very disconnected from the reality of the toxic environment this company has adoptedin recent years.

FROM THE NEW YORK TIMES:

Who was Brian Thompson?
Mr. Thompson became UnitedHealthcare’s chief executive in April 2021. The company, which is based in Minneapolis, is a unit of UnitedHealth Group, whose market valuation of $560 billion makes it one of the country’s largest publicly traded companies.

Mr. Thompson spent more than 20 years rising through the ranks at UnitedHealthcare, which offers insurance to companies and individuals, employs about 140,000 people and had $281 billion in revenue in 2023.

He received total compensation of $10.2 million last year, with $1 million in base pay augmented by substantial cash and stock grants. The company’s profits rose on his watch, jumping to more than $16 billion last year from $12 billion in 2021.

But amid the growth, the company and its parent also attracted scrutiny from lawmakers and regulators who accused them of systematically refusing to authorize health care procedures and treatments.

UnitedHealth Group’s size and scope have attracted the attention of the Justice Department, which is examining whether it has engaged in anti-competitive behavior.

According to regulatory filings, Mr. Thompson owned about $20 million of UnitedHealth Group shares as of late September. Bloomberg reported in April that he was one of several company executives who sold shares before the Justice Department antitrust investigation was disclosed to investors — about $15 million worth, in Mr. Thompson’s case. The company told Bloomberg at the time that the sales had been approved.

Before joining UnitedHealthcare, Mr. Thompson spent nearly seven years at the accounting and consulting firm PricewaterhouseCoopers, now known as PwC.

If loud and WRONG was a person 🤣🤣🤣

The CEO who was shot is under investigation by the DOJ for insider trading. I’m betting the shooting had something to do with it.

Another person not doing their research and then blogging about their own stupidity….

The 22 million was paid out of Andrew’s own pocket which was covered up by mass media and hushed

The scandal was the hack UHG paid 22 million to the hackers earlier this year that shut down the prescription system and compromised every policy holders information.

What $22M scandal?

Wondering- what scandal was Brian involved in?

There’s nothing wrong with worrying about your position, because we all have families to feed, and his family will be well taken care of. It’s still the tragic event, but we really should not speculate on the reason it happened. People are just assuming it’s some disgruntled person Who is claim was denied, but there is probably something deeper. Either way, United healthcare is a great company, and his loss was tragic. There’s nothing wrong with voicing complaints about jobs going offshore, and there’s nothing wrong with people being upset about claims being denied. But too many people are acting like this was justified and we are all pretending. We know the reason.

It was Brian Thompson, “BT”, ceo of UHC not UHG. Condolences to his wife and kids

It is not Andrew Witty. The CEO who passed away was the CEO of UHC insurance group.

Andrew is fine. Brian Thompson was the one ki-led.