Quote:
Originally Posted by CoachKandSportsguy
UnitedHealth CEO Andrew Witty is stepping down for personal reasons and the nation’s largest health insurer suspended its full-year financial outlook due to higher-than-expected medical costs.
Andrew Witty - Wikipedia
Good riddance. Brit nobility has little concern with citizenry, and American independence. Leaving for personal reason, ie, much more difficult environment with backlash, threats, and poor press for denying claims, and running a medical extortion company.
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“Knighthoods are typically awarded for outstanding achievements, service, or contributions to society, rather than being a hereditary title.”
I read your link. It says, “On 15 May 2024, a class action lawsuit was brought by the City of Hollywood Firefighters' Pension Fund alleging that Witty and two other UnitedHealth Group executives were involved in insider trading in 2023. The suit alleges that in addition to Witty, Brian Thompson and Stephen Hemsley sold a combined total of $120 million of UHC stock four months before shareholders and the general public were informed that the company was being investigated by the United States Department of Justice in regard to an antitrust suit involving Optum's potential buyout of Change Healthcare.” “Fortune [magazine] pointed out that UnitedHealthcare reported twice the industry average for denied claims and that "their policies contribute to medical bankruptcies and lives lost due to denied care, highlighting widespread anger at systemic issues in U.S. health care".”
I do NOT like companies that deny claims in order to raise profits. I also think he was earning far too much money. However, I really don’t like your slurs against the UK and its citizens. Do you think British citizens don’t understand freedom and appreciate independence? It looks to me like Witty has worked very hard and been of enormous service to humanity. He deserved his knighthood. It’s not something that can be passed down to his children, and it doesn’t come with money. It’s more like an Honorary Ph.D. In this country. (For example, the great bluegrass banjo player Ralph Stanley received an honorary doctorate for service to music, even though he never went to college, and thereafter called himself Dr. Ralph Stanley.) In England, for centuries, knighthoods were by custom bestowed on men who served as mayor of their major city (usually serving for only one year). They weren’t nobility, and in some cities they received no salary for their work. It was all about the glory, part of which was the knighthood. But they received no training in being a knight and weren’t expected to go to war. Witty’s knighthood is similar.