Categories: Business

‘No sympathy’: UnitedHealth loses $63 billion after assassination of former CEO

UnitedHealth Group is faced with a staggering situation loss in his market value following the sudden murder of the former CEO.

The shocking assassination of Brian Thompson last December took the world by storm as all eyes were on Luigi Mangione — the man believed to be responsible for his assassination.

But the murder of the company director also caused the insurance company to lose a considerable sum. $63 billion in value.

Highlights

UnitedHealth loses $63 billion in market value after assassination of former CEO.
Brian Thompson was murdered on December 4, 2024.
Luigi Mangione, a former Ivy League student, was charged with Thompson’s murder, but he pleaded not guilty.

UnitedHealth lost $63 billion in value

Image credits: Stephen Maturen / Getty

Daily Mail also reports that the stock price was initially around $610 per share on December 4, 2024. As of Thursday, January 16, 2025, it has fallen to $510.

“Brian has helped build this company and forge deep, trusted relationships for more than 20 years, and the positive impact he has had on people will be felt for years to come,” said the director. financier John Rex during an open call, according to Unilad.

Image credits: UnitedHealthcare

But as concerns continue to grow – regarding murder and financial dwindling – UnitedHealth reported a “better than expected” profit in the final quarter of 2024.

The Independent Group executives said adjusted earnings for the final three months of the year ended at $6.81 per share, an increase of 10.6% from the same period in 2023 and 9 cents d ahead of Wall Street consensus forecasts.

Revenue also reportedly rose 6.4% to $100.8 billion.

Brian Thompson’s death had major financial consequences for health insurance company

Image credits: Pennsylvania Department of Corrections

Facebook users took the opportunity to share their thoughts on the health system.

“I have heard so many horror stories about United Healthcare and their continued fraudulent activities with their customers, including my daughter,” one woman said.

Image credits: Getty Images / Unsplash (not the actual photo)

“This is a horrible insurance company that has defrauded so many people out of millions of dollars, not to mention the stress it would put on people and their basic access to health care! »

Another person wrote: “Everyone needs to drop their insurance through him. They scam people and don’t pay for necessary medications or important tests for their clients. It’s sad that someone died because of the greed of the entire company.

Luigi Mangione is suspected of murdering Thompson.

Image credits: Pixabay / Pexels (not the actual photo)

Thompson, who first joined the healthcare company in 2004 and became its CEO in 2021, was 50 years old when he was shot twice in the back and once in the leg on the morning of December 4, 2024.

Patrol officers responded to the emergency call made at 6:46 a.m., as reported E! Newsand arrived at the entrance of the New York Hilton Midtown hotel.

Image credits: NYPDnews

“It appears the suspect had been waiting for several minutes,” New York Police Commissioner Jessica Tisch said at a press briefing. “And as the victim walked toward the conference hotel, the suspect approached from behind and fired several rounds, hitting the victim at least once in the back and at least once in the right calf.

She added that the killing appeared to have been a “premeditated, planned and targeted attack” rather than a random act of violence.

The murder took place shortly before 7 a.m. on December 4, 2024.

Image credits: NYPDTips

Five days later, December 9, 26 years old Luigi Mangione was arrested in Altoona, Pennsylvania by authorities.

A McDonald’s employee recognized the suspect and immediately called the cops. When asked if he had recently been to New York, Mangione “became silent and began shaking,” police said. NBC News.

Image credits: DMRegister

Since then, the former Ivy League student has been pleading not guilty on state murder and terrorism charges as he sat shackled and seated in a Manhattan courtroom on December 23.

He is currently being held in federal prison at the Brooklyn Metropolitan Detention Center after being extradited from Pennsylvania. Some previously suspected he would be transferred to Rikers Island jail.