His choice or forced out?
17 replies (most recent on top)
Post ID: @1hhp+19fI5H9i
Cost analysis for all departments or just your department? Let's see what happens in two-three weeks when we see the increase on our checks.
Reply to @nho+19fI5H9i
If your comment is correct, then why did UHG just conduct a cost of living analysis, which will increase salaries?
wow talks about a power move. I'm leaving unless i get this guys job. This is terrible for employees. It was already going downhill but now its going to fall off a cliff in regards to employee relations. I will say the stock is getting close to a buy
Quote from Wall Street Journal.
"The shift came after Mr. Witty signaled to the board that he was considering leaving, according to people with knowledge of the matter. Mr. Witty, who served on the UnitedHealth board before joining the company as an executive, is well-regarded by the board, which didn’t want to lose him, according to these people.
Mr. Wichmann stepped down voluntarily, these people said."
So, Witty threatened to leave. Wichmann, who isn't lacking money, offered to leave. Profi in the 4th quarter was down over 2 billion, and Witty will cut costs even more than the MOVE initiative.
Witty is a crook. Go read all the cr_p under his reign at GSK. Things are bad now and about to get worse.
UnitedHealth
NYSE: UNH
- 32 USD −8.55 (2.53%)
The stock price broke the investor bottom of 330. This is bad. The range for the year was min 330. Investors start to bail if they think the stock is going to tank. Humana went up 5 bucks.
Shares of UnitedHealth Group Inc. UNH, -2.54% slid 2.54% to $329.32 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500
Although many commenting believe this is a bad thing, I'm going to try to stay positive and hope it is good. I have not been at all pleased with the changes under Wichmann. Employee morale is in the toilet. Long time, talented employees are leaving. If things don't change, the employees who keep things running will be gone.
Total force out by Witty. Buckle up for the down hill slide.
Witty came and we had massive layoffs. He suddenly disappeared to help WHO and now miraculously back. Guess we can plan on why
So the question is, when will layoffs start now? Before or after reviews??
no retirement here... all UHG/Optum 'senior executives' mysteriously retire without notice except. Dave was let go, its pretty clear.
The quarterly results were bad and it is going to get bad in the E&I group with increased competition.
Bonuses for rank and file will be declared soon.. so in my humble opinion there will be a cuts to control costs and compensate for the lost revenue.
He is getting out extremely wealthy before the c-ap hits the fan. This is not good news if a mo–n like Witty is now in charge. Cuts will be deep and wide because they have no other ideas. Its a race to the bottom with the competition and it will be on the backs of employees and ultimately the members.
I'm not surprised and I bet he was paid very well too.
Wichman turned 59... no country for old men!
Forced out - part of Witty’s plan. More surprises to come - chopping at executive level & moving down the chain.
Remember this: “Lean Is The New Green”
LEAN means less workforce, layoffs, cheap labor OTC, automation).
GREEN means shareholders happy, execs more money, small (if any) bonuses, layoffs before MAP (to avoid paying bonuses), etc.
Some areas are ‘safer’ than others. Find your safe spot & avoid being in the line of fire. The less you say, the better.
I was wondering the exact same thing as OP.
One t–d replaces another