UnitedHealth CEO suddenly steps down for 'personal reasons'
UnitedHealth CEO suddenly steps down for 'personal reasons'
Stephen J. Hemsley returned as CEO after Andrew Witty's surprising decision to leave the insurance giant. UnitedHealth's stock fell 17% on Tuesday.
UnitedHealth Group announced a new chief executive Tuesday, a sudden and surprising change following the fatal shooting in December of its UnitedHealthcare subsidiary's leader.
Andrew Witty stepped down from leading UnitedHealth for unspecified “personal reasons,” the company said. Stephen J. Hemsley, who served as chief executive from 2006 to 2017, will return to the role and remain board chairman. Witty will serve as a senior adviser to Hemsley, the company said in a news release.
UnitedHealth has been the focus of sharp criticism over the health insurance industry's practices and has seen its stock plummet in the past year. The Justice Department has investigated its business activities.
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I hope it’s from fear of dying in the streets in a sea of laughter and applause…
Unfortunately it's probably because the shareholders are currently suing UH because after Luigi was charged, UH started actually not denying claims anymore for a bit...this aggravated them and they are saying that they were not made aware of the "impact" this change would make to their share values
Human scum
To add to this, innocent until proven guilty, and while Luigi is being dragged through the system, it is proper posting to not state that he did it until a verdict is read.
o7
I'd settle for "needed healthcare and was denied coverage".