Will the BOD ask CEO to step down? His tenure is nothing but a disaster.
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Not only did they have a pex. The red team found it the day change closed. That is where the 2nd risk acceptance came from.
Stock has been dumped the last two weeks. He will only resign due to that to help the stock. He'll get a monster golden parachute while employees will get 1% raises and smaller bonuses. Execs are unbelievably arrogant and Witty is the worst. His time at glax was full of fraud.
Rex should be fired or resign too. UNH just paid $69m settlement for his actions regarding employee 401K investment options.
Instead he'll probably get more stock awards.
What I have been wondering and I think the answer is yes , he will resign .
I suspect the NYTimes oped was actually meant for the employees. it doesn't look like any in the general public actually believes it. Someone probably figured out productivity is down when the internet consensus says that you're actually impeding healthcare.
Probably BOD forced him to respond via NYT editorial. Not a bad move.
It’s a matter of time, AW will not survive this….google Kevin O Leary.
anybody else miss Dave? dang, I miss him. that was a good guy who knew his a-s from a hole in the ground.
@ @2zxa+1vTjPioO
The CEO did the same thing at GSK - including billions in fines!
Don’t forget change healthcare with 100 million patient records breached. It was a simple web config remediation and Andrew Witty lied to congress. There was a risk record for remediation and Everyone including internal records show the CISO knew and approved the risk exception. They made sure he had a golden parachute and NDA to make sure he never reveals the truth. They asked for second risk extension and that’s when they had the breach. This company will lie, cheat and steal to make their numbers… or try to get out accountability. CEO needs to go. In his helm the company is running to the ground.
Right about now is when people are starting to realize that on January 20, 2025, we’re in Jurassic Park, right about that scene where he says…”Hold on. This is going to be bad.”
He was doing exactly what they hired him to do. No sympathy for him.
It’s ok, Scrote…the entire United States is a global joke at this point, so may as well get used to it now. Update me in 4 years after the kind sweet billionaires who have ALL of our best interests in mind fix EVERYTHING for us, LOL. I mean, Trump said so!!! It must be true!!! 😂
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I feel like if anything, layoffs should slow or be delayed? I know it likely won't happen but the company doesn't need anymore negative press.
He is doing exactly what the board and the investors want , Making Money. On the other hand he will probably escalate layoffs since he is probably not too happy with all the comments made about the cr-ppy insurance company.
Perception is reality, the BOD should turn the page, An interim CEO is an option. Appears to be many missteps under current leadership.
I doubt it. From the perspective of the board, he is an experienced person handling a set of tenuous situations. I guarantee any replacement would be worse. Though, I can’t help but wish we could see.