MHF Community Board
Notifications
Clear all

UnitedHealth Chair, Executives Sold $102 Million in Stock Before US Probe Became Public

1 Posts
1 Users
0 Reactions
500 Views
Abigail Nobel
(@mhf)
Member Admin
Joined: 5 years ago
Posts: 1225
Topic starter  

From the same folks who coped with a cyber-attack by shutting down half the country's flow of healthcare dollars.

Most of the article is behind a paywall.

I would love to know if/how this intersects with their ransomware debacle. As opensource reports eventually become available, please flesh out the story in the thread. Or speculate. 🙂

https://www.bloomberg.com/news/articles/2024-04-11/unitedhealth-unh-executives-sold-stock-before-us-probe-became-public

UnitedHealth Chair, Executives Sold $102 Million in Stock Before US Probe Became Public

  • News broke on Feb. 26 that the firm got DOJ notice in October
  • Chairman, three executives sold shares between those dates
 
By John Tozzi and Anders Melin   |   April 11, 2024 at 6:00 AM EDT

UnitedHealth Group Inc. Chairman Stephen Hemsley and three senior executives netted a combined $101.5 million from stock sales made over four months leading up to when the public became aware of a federal antitrust investigation.

The sales occurred between Oct. 16, a week after the largest health insurer in the US reportedly received notice of the Justice Department probe, and Feb. 26, the day before Bloomberg News and others published stories about the investigation. The stock dropped after the investigation was widely reported.

...



   
ReplyQuote
Q

Get MHF Insights

News and tips for your healthcare freedom.

We never spam you. One-step unsubscribe.

 

Name(Required)
Zip Code(Required)
This field is hidden when viewing the form

Sponsors

Friends of MHF

MHF Community Forum thumbnail

Kirsten DeVries

Tom & Karen Nunheimer

Steve Ahonen

Ron & Faith Bosserman

Marlin & Kathy Klumpp

Sign Up for MHF Insights to keep up on the latest in Michigan Health Policy

Name(Required)
Zip Code(Required)
This field is hidden when viewing the form

5 great non profit logos 2021 - 2025
Michigan Healthcare Freedom Candid

Click here to join the MHF Community Forum!

Grow the community on our social media pages.

Social media & sharing icons powered by UltimatelySocial