This comes just months after UnitedHealthcare's CEO was gunned down in Manhattan.
The company, reports the New York Post, has been additionally "plagued by financial losses, reported criminal fraud accusations," as well as that high-profile murder in December. Suspect Luigi Mangione is set to face trial for the murder of Brian Thompson.
In the wake of Thompson's death, Mangione has been celebrated by leftist pundits who applaud the idea of revenge against the CEO over a complicated, expensive, and often dysfunctional health care system in the United States.
Stephen Hemsley, who had been in that position previously until 2017, is back in the role which gives him a salary of $1 million per year. He was named CEO after Andrew Witty stepped down following four years leading the company.
"Steve Hemsley’s compensation is positioned at the median for CEOs of comparable companies and is substantially aligned with the interests of all company shareholders," said a spokesperson.
His return as CEO comes as the company missed its earnings target for the first time since 2008. Its peak market capitalization was in November, but it has lost $250 billion since. Hemsley told shareholders that he hopes to "earn back [their] trust and [your] confidence."
Mangione has pleaded not guilty ahead of a 2026 trial start date. Shareholders in UnitedHealth have alleged that the company has been hiding losses stemming from backlash over the killing of Thompson.
They proposed a class action suit, claiming that "the insurer defrauded them after Thompson’s assassination by shifting away from strategies that led to higher-than-average claims denials, without revealing the impact on profitability," the Post reports. That suit was filed in Manhattan but later withdrawn.
Powered by The Post Millennial CMS™ Comments
Join and support independent free thinkers!
We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.
Remind me next month
To find out what personal data we collect and how we use it, please visit our Privacy Policy
Comments