Luigi Mangione

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UnitedHealthcare sued by shareholders over reaction to CEO's killing (www.cnbc.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 53 points 1 month ago (8 children)

Shareholders are some sick souless vampires. Jesus Christ.

[–] [email protected] 50 points 1 month ago (5 children)

I'm not sure it's that simple in this particular case..

The group, which is seeking unspecified damages, argued that the public backlash prevented the company from pursuing “the aggressive, anti-consumer tactics that it would need to achieve” its earnings goals.

That specific wording makes me think these particular shareholders are actually on the right side and taking advantage of the fact UHC is a piece of shit company to both profit and make a point.

[–] [email protected] 28 points 1 month ago (1 children)

That's interesting, because if they win, then they're basically saying that they were able to do the ghoulish practices that made them money, and they just didn't make enough money off of it, whereas if they lose, then everyone knows that they committed ghoulish practices in order to make profit off of sick and ailing Americans.

[–] [email protected] 4 points 1 month ago

Remember that UGC is in a bunch of index and retirement funds where individual stockholders don’t choose what they get. There are plenty of UHC shareholders who probably hate it.

Source: I hold UHC stock as part of my Paramount retirement account

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