UnitedHealth Group is undergoing a financial crisis, worsened by the departure of CEO Andrew Witty, which followed a downgrade of expectations. The company initially reported disappointing first-quarter results, leading to a 6% drop in stock price. On April 18, following further revelations, UnitedHealth suspended its guidance and saw its stock price plummet another 18%. The board's handling of past events, including the death of a prominent executive, remains a troubling topic, yet it was notably absent from investor discussions during the announcement of the new leadership.
It's been one of the most difficult periods any company could endure, yet no one mentioned the tragedy of Thompson during the investor call.
The company's stock price fell drastically, losing 18 percent of its value on the day of the new CEO's announcement.
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