Luigi Mangione

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UnitedHealthcare Is Struggling To Recover From Luigi Mangione (www.newsweek.com)

submitted 3 days ago by mysticpickle@lemmy.ca to c/luigimangione@lemmy.world

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The attack on the 50-year-old executive—allegedly by the now 27-year-old Luigi Mangione—immediately sparked an outpouring of public fury not at the gunman, but at UnitedHealthcare itself.

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[–] x0x7@lemmy.world 7 points 1 day ago* (last edited 1 day ago) (1 children)

And this brings up the other thing they are struggling to recover from. They were sued by blackrock for taking care of people too well.

Blackrock, that investment firm that you can't even divest from because your pension is tied to it. Which really peels back some layers on root cause analysis. Because blackrock and vanguard get management of this money pretty much by default when there is an institutional pension they have fuck you money. As in fuck you, it's my money till 40 years in the future.

The Healthcare United CEO is just middle management. All he's doing is taking orders in hopes doing that enough means his company survives. If he doesn't then the private equity firms and banks just fund the guy who will.

Larry Fink is the real management.

[–] scbasteve7@lemm.ee 2 points 1 day ago

They weren't sued for helping take care of people. It was a misleading headline. Theyre getting sued for failing to commit to taking care of stock holders.