Luigi Mangione

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

submitted 2 weeks ago by Five@slrpnk.net to c/luigimangione@lemmy.world

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[–] gratux@lemmy.blahaj.zone 72 points 1 week ago (1 children)

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.

They are not even denying it anymore that health insurance in the US is not for the patients benefit.

[–] smee@poeng.link 6 points 1 week ago (1 children)

Every corporation with shareholders' top priority is creating wealth for the share holders. By US law if I remember correctly.

[–] Kolanaki@pawb.social 6 points 1 week ago

It's actually not the law, but there is a significant amount of "shareholder primacy" where the business emphazises their duty to do so.