They've been laying off all year with the stock at record highs.
Now that it's dropped to 280 and wiped out all 2024 gains and then some.. wtf are they gonna do?
Very scary..
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Now that’s karma. Did you guys hear how they bought their biggest Fertilty competitor, village pharmacy and then let their own high performing reps go? Happened in August. Who would’ve thought they’d get rid of their own people and keep the new company. Disgusting move.
Nailed it. The entire ELT/SLT are Financial Development and Actuaries that had questionable but meteoric rises to the top. The entire finance department is loaded with over banded leaders with tiny teams, huge titles, and rapid promotions. By the time they're at top, they have almost no experience leading people and organizations. They're all socially inept people who only know how to forward spreadsheets.
“ I'm guessing they are going to pay Cordani to go.”
That’s the only acceptable answer. And it’s not just Cordani. It’s his entire leadership team of socially awkward, Montgomery Burnses who all grew up in the finance development program. Even if they found religion this week, do you think any of them even have the skill set to help customers? Outside of Brailer, there is nobody that has a lick of clinical experience. Directly or even indirectly. It’s all a bunch of actuaries without a conscious. It’s the only way to succeed in this company. The investors need it to be that way.
I'm guessing they are going to pay Cordani to go. Then they can frame that as 'see, we're moving to a more patient-centric model under new leadership' while essentially nothing will change.
he'll make out well, and we'll move on to the next one.
The pharmaceutical lobby is MUCH stronger than the PBM lobby.
The pharmaceutical industry will win this battle.
Express Scripts will be a millstone around Cigna’s neck within a couple of years.
Trump was trying to impress to the pharma CEOs he was with and mentioned how PBMs are useless middlemen. That plus all the other pressures on the industry rn = bad day for PBMs.
So much for the drive to 25, and that target market price
J&J has filed lawsuit against Cigna so I can’t see things improving.
I wouldn’t be shocked to see slightly reduced amounts due to the atmosphere the dip has created, but the hay is in the barn for 2024 and bonuses should be pretty close to normal.
However, it could definitely be bad for 2025 if things don’t turn around.
2025 is probably going to be a recession year for the entire economy.
The BLR has been inflating their jobs numbers and the real numbers (revisions) are bad, the Fed is getting crushed between inflation and the slowing economy, and congress has no choice but to cut spending.
We’re due for a correction, and it is needed.
2026 & 2027 will be great if we can endure the pain in 2025.
How will this impact bonuses?
It’s easy to point a finger at individuals if you don’t really understand what you’re talking about.
Cordani isn’t really to blame for the recent stock downturn. The fault lies with the way PBM’s operate, and ES is operating pretty much like all PBMs. The government wants to get control of PBMs because they keep the savings share of each transaction rather than passing the savings on to the customer.
Regulatory changed to restrict PBMs will impact Cigna’s profits, and ES is likely the most profitable of Cigna’s offerings.
2024 should have been a great year for Cigna stocks due to buybacks and good market trends, but it wasn’t. We started the year at $310/share and now we’re at $275 and trending down. At this rate we’ll be lucky to be above $250 at year’s end.
Cordani has set a market expectation of $375/share, and this is where he’s fallen way short.
The good news is that December has s a historically cr-ppy month first stocks, so we can hope for a bounce by spring ‘25.
It’s tanking because Cordani and company are clueless.
Huh? All PBM stocks are tanking because of political pressures on the industry. Some of the posters on this site need to get a clue about the industry they work for lol
How do you picture the healthcare companies like Cigna? Offshore jobs to India. Squeeze the benefits on patients. Delay, deny, defend, and depose claims !
Stock is dropping because congress is eyeing ways to restrict PBMs from continuing their death march through the pharmaceutical industry.
Look into some of the ways PBMs take from all sides of each transaction. They’re like the worst possible middlemen.
It was announced today that J&J is suing Cigna over abuses.
PBM = Pharmacy Benefits Manager
Express Scripts is Cigna’s PBM.
David Cordani is probably thinking... More Op EX! Reduce staff and offshore ASAP. He has no real idea on how to grow business other than reducing expense. The whole Health Insurance industry overall is tanking. Recent events has put a spotlight on what we all already know. We are the worker bees making our executives and investors richer at the expense of our members health and our own mental health.
It’s tanking because Cordani and company are clueless. Can only hope that the board has had enough and does what is necessary