Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Elon Musk posts ‘Kill Bill’ meme in latest...
Johnson says Republicans ‘don’t have time’ to craft...
Elon Musk warpath against Trump’s ‘big, beautiful bill’...
Durbin obstruction threat chills Senate as Trump nominees...
Elon Musk posts ‘Kill Bill’ meme in latest...
Trump orders Attorney General to investigate Biden’s autopen...
Biden insists ‘I made the decisions’ as Republicans...
‘He’s not a big factor’: Trump’s Senate allies...
DAVID MARCUS: Why Navy ships should not be...
GREGG JARRETT: Biden, the ‘marionette president; and the case...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

UnitedHealth CEO suddenly steps down for ‘personal reasons’

by admin May 14, 2025
May 14, 2025
UnitedHealth CEO suddenly steps down for ‘personal reasons’

UnitedHealth Group announced a new chief executive Tuesday, a sudden and surprising change following the fatal shooting in December of its UnitedHealthcare subsidiary’s leader.

Andrew Witty stepped down from leading UnitedHealth for unspecified “personal reasons,” the company said. Stephen J. Hemsley, who served as chief executive from 2006 to 2017, will return to the role and remain board chairman. Witty will serve as a senior adviser to Hemsley, the company said in a news release. 

UnitedHealth has been the focus of sharp criticism over the health insurance industry’s practices and has seen its stock plummet in the past year. The Justice Department has investigated its business activities.

UnitedHealth’s shares fell more than 17% Tuesday. The stock, which is part of the 30-company Dow Jones Industrial Average, closed at $311.38 a share, well off its recent high of $630.73 in November.

The company also said that it has suspended its annual outlook for 2025, to include ‘more types of benefit offerings than seen in the first quarter’ and because ‘the medical costs of many Medicare Advantage beneficiaries new to UnitedHealthcare remained higher than expected.’

‘The company expects to return to growth in 2026,’ the statement added.

In December, United Healthcare CEO Brian Thompson was fatally shot in what police described as a “premeditated, preplanned targeted attack” in midtown Manhattan as he was walking to an investors’ conference. 

Luigi Mangione, now 27, was arrested after a five-day manhunt at a McDonald’s in Altoona, Pennsylvania.

He faces federal and state charges in New York and Pennsylvania in connection with the shooting. He has pleaded not guilty to the murder and terrorism charges in New York, and not guilty to federal stalking and murder charges. If convicted of federal charges, Mangione could be sentenced to death.



This post appeared first on NBC NEWS

previous post
Microsoft to cut 3% of its workforce
next post
Stallion Uranium Announces Failure to File Cease Trade Order

You may also like

U.S. charges former Wamco executive Kenneth Leech with...

November 27, 2024

USDA documented insects and slime at Boar’s Head...

January 15, 2025

WNBA files trademark application to bring back ‘Detroit...

February 2, 2025

Chipotle says restaurants will give bigger servings after...

July 28, 2024

Fintech company Chime files for Nasdaq IPO

May 14, 2025

Here are some money moves to make before...

July 27, 2024

Elon Musk and Sam Altman spar over Trump’s...

January 25, 2025

Ontario to remove U.S. alcohol from shelves after...

February 4, 2025

Google CEO Pichai struggled to navigate a pressure-filled...

December 31, 2024

Why an indicator that has foretold almost every...

July 25, 2024

Recent Posts

  • Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s Big Beautiful Bill
  • Johnson says Republicans ‘don’t have time’ to craft new Trump plan despite Musk’s call to ‘KILL the BILL’
  • Elon Musk warpath against Trump’s ‘big, beautiful bill’ rattles House GOP
  • Durbin obstruction threat chills Senate as Trump nominees hang in balance
  • Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s ‘big, beautiful bill’

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (763)
    • Investing (2,257)
    • Politics (2,786)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.