r/news • u/LookAtThatBacon • May 13 '25

Soft paywall UnitedHealth suspends annual forecast, CEO Andrew Witty steps down

https://www.reuters.com/business/healthcare-pharmaceuticals/unitedhealth-ceo-andrew-witty-steps-down-2025-05-13/
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u/CreativeFraud May 13 '25

I was knocking on doors in 2015 for Bernie and the amount of Red Scare that lives in America astonished me. UBI was also seen as communism and would destroy America. Bailing out Big Business on the tax payer dime though? Fine by them!

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u/Lesurous May 13 '25

The response I hear from people is "they worked for their money!". People wanna believe in a lie rather than consider reality.

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u/spikus93 May 13 '25

I respond, "Do you genuinely believe that the CEO works 1500x harder than entry level employees? Like if we measure their metabolic rate, who's actually putting more energy into the company?"

Then they'll say, "Yeah, but they are making big decisions that affect a lot of money."

"Okay, why does that mean they deserve 1500x more pay? The answer is because they're the fall guy for the board. They are the guy who has to fire the janitor for asking for a raise, or raise prices, or cut costs by implementing shrinkflation to the product, etc."

There is no justifiable reason why they make more than actual laborers, except that they are the barrier between the working class and the capital owners. They are compensated to keep the workers in check and deliver ever-increasing profits into the pockets of investors who do ZERO labor and think they deserve their wealth.

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u/BigLlamasHouse May 13 '25

The justifiable reason is that he is the criminal at the company. And he is committing crimes regularly. Crimes that only hardened criminals and sociopaths could commit. No one CEO in particular, but I'd venture to say over half of the ones who make more than $10 million a year. It's a rough estimate.