Bought some today after the announcement. Used to hold AET a few yrs ago. Seems to me that the new CEO is a big name with many, many connections on the street. Sure, it's always smart to assume that when someone from the BOD takes over it's temporary (He's already older than AET's mandatory retirement age!). I think (and this is not based on any inside knowledge) some pieces of AET will be sold off soon and someone who knows how to run whatever remains of the biz after that will be appointed CEO.
AET's book value is over $75/shr. Tell me there aren't some good deals possible for pieces of this co when you've got a guy this well networked at the top!
This may not be the best news for employees (What news at AET has been for the past 5-6 yrs?), but with the emphasis on improving shareholder value, I think this is a no-brainer for the short term (6 mo-1yr).
Shorts have freedom of speech, so they are entitled to express their views on this board. They, and disGRUNTled employees. Obviously, Aetna is working on going in a new direction. Aetstrong, Captzorro, I love you guys. Keep the faith, baby! Long on AET. -CAP
this upheaval. If someone has made a bad reputation foe himself by mistreating patients, doctors, etc. They should seek another line of business. AET is to become a Health & Wealth company. This means they will be taking care of the health and wealth of all those who associate with AET which included the shareholders. Word from Mr. Donaldson. Everthing is open for review.
lawsuits filed last fall, alleging, among other things, that its system of paying doctors rewards them for skimping on care. Controlling cost is not skimping says the Supreme Court. There's nothing wrong in rewarding doctors for controlling unnecessary cost.
This is only a first and interim step. I'd really be surprised if the BOD initiated this action. Seems like they were caught off guard and Donaldson had to step in or they would be without leadership until they found someone. Easier to do a search under these circumstances than without someone at the helm. The next steps have to include getting rid of Huber's people, which may include many of the old USHC people. Then, the BOD must come alive (if they are capable). Bottom line, the rise in the stock price will be a slow one, the next jump occuring when substantive changes are made, which could take months. I cautiously say this is a good first start, but not enough for me to commit $$$ in the stock. Hope I'm wrong. As to Benanav, give me a break.
I called into the media conference call. Nobody stopped me from listening in, but I was late and only caught the last minute or 2.
Huber resigned from the board as well as CEO, No answers yet(I think its too early to expect any)but Donaldson repeatedly said he is going to be looking at everything from strategic direction to day to day ops. Did anybody catch the beginning of the call, or will we all have to wait until tomorrows papers? (or maybe a CNBC update)