2w ago

This month in capitalism: UnitedHealthCare sued by shareholders because backlash prevented the company from pursuing “aggressive, anti-consumer tactics it would need to achieve” earnings goals

UnitedHealthcare sued by shareholders over reaction to CEO's killing

It’s ghouls all the way down, folks

2w ago

UnitedHealthcare sued by shareholders over reaction to CEO's killing

22 comments

My brother in Christ the aggressive anti-consumer tactics is why there is backlash.
Also holy shit can we just stop and think about how fucked up you'd have to be to be one of these shareholders?
- Basically everyone who has retirement savings is a shareholder
  
  Who's sueing them though, the companies that manage people's 401ks?

What else can you say except death to amerikkka, death to capitalism, and death to the shareholders?

Orphan crushing machine sued by orphan crushing machine shareholders for not crushing enough orphans

They are suing because UHC didn't tell them they weren't going to make as much money. Seems the bean counters doubted the power of

These jokers love to pat themselves on the back saying they're so brave and take risk with stocks, but then they throw temper tantrums like when they don't get their "guaranteed returns"

Hilarious to even try this. Fiduciary responsibility demands extracting every single cent from every drop of blood or you lose your job as CEO, but we get to sue now if they do it in a way that's too icky- buddy wait'll you hear about how all labour is exploitation
- My understanding of the language of the suit is that the investors expected either a continuation of the icky business as usual or maybe a reduced profit forecast.

Since it's worded a little weirdly in tbe title, and equally-weirdly in the article, I believe what they're saying is....
"UHC didn't lower their profit goals after Thompson's murder, even though achieving those goals requires aggressive anti-consumer tactics, and they should have known that they wouldn't be able to implement those, after the murder highlighted how anti-consumer the company is."
So, in case it wasn't clear, no, the plaintiff position doesn't really give a shit about the anti-consumerism itself.

22 comments