#board

Missing in Action

• board
• investors

Paging the above…this is comical at this point. Bill’s legacy is already cemented in serial failures. This shows that a CEO should not also be Chairman. No checks and balances.

Earnings call should be entertaining.

Attend Board Meetings and a few meaningless town halls
Hire Retreads from JPM but cut jobs held by everyone else
Collect millions in stock and salary
Vacation often

and Tim Cook is also on Nike board for long time.

Is there correlation between Tim Cook and Nike's braindeadness in last few years?

TC is basically ki-ling Apple with his bureaucratic approach.

Anyone who says that Nike is not a zombie is brown noser, a Nike troll.

Just thinking out loud, my two cents worth

HCSC Board of Directors Meeting Agenda
Date: June 26, 2025
Location: Boardroom A / Virtual Session

⸻

Call to Order and Welcome (5 mins)
– Chairperson opens the meeting
– Roll call and confirmation of quorum
– Approval of prior meeting minutes

CEO Vote (30 mins)
– Presentation of candidate(s) and review of performance and qualifications
– Board discussion and Q&A
– Formal vote and recording of results

Strategic Business Update (30 mins)
– CEO report: Market conditions, organizational performance, and forward-looking priorities
– CFO review: Financial outlook, cost trend projections, and risk review

Workforce Optimization and Reductions in Force (RIF) (45 mins)
– HR and Legal review of proposed RIF and restriction strategies
– Cost-benefit analysis and long‑term impact review
– Board discussion and formal vote

2026 Bonus Structure (30 mins)
– Presentation of proposed metrics, weighting, and incentive design
– Comparison to peer health insurance companies
– Board discussion and formal approval

Regulatory and Compliance Overview (15 mins)
– Update from Compliance and Legal team
– New state and federal requirements impacting HCSC
– Risk mitigation plans

Operational and Technology Roadmap (30 mins)
– Chief Information Officer review of digital transformation priorities
– Cybersecurity status and risk review
– Member experience and operational efficiency metrics

New Product and Market Development (20 mins)
– Introduction of new product lines and services
– Market expansion plans and associated resource requirements

Committee Reports (30 mins)
– Audit Committee: Financial statements review, internal audits status
– Risk Committee: Enterprise risk review and mitigation strategies
– Governance Committee: Board effectiveness review and succession planning
– Quality Committee: Member health outcomes and clinical quality metrics review

Other Business (10 mins)
– Discussion of any new topics raised by Board Members

Executive Session (30 mins)
– CEO review and performance evaluation (without CEO present)
– Other personnel or legal matters

Adjournment and Next Meeting Date

This does not bode well. Have a look at CGI layoff. Same playbook. Mistreatment of employees, off shoring to India and layoff being the only solution adopted.

Could be our new CEO?

Announced today two new board members from Elliott. First I had heard about them since Elliot was announced in July. The name Patricia Watson ring a bell? Former CIO of TSYS before the merge.
https://stocks.apple.com/AwYVr2N0ZQEy9uQPQVwbyJg

The worst ran division in the company, they say Columbia is bad? I guess it has a sister store now. Montgomery in Bethesda , Columbia 2.0 except no accountability

Boards have one core job: protect shareholder value. Their role isn’t to be friends with management or the CEO — it’s to keep them accountable and make the tough calls when things go off track.

The problem comes when boards get too cozy with the CEO. They stop challenging decisions, ignore red flags, and let loyalty or personal relationships cloud their judgment. When that happens, no one is holding leadership accountable, and the company can spiral.

The result? A CEO unchecked, making bad calls, chasing ego-driven projects, and ultimately destroying shareholder value. By the time the board wakes up, it’s often too late — the company’s reputation is damaged, the stock is down, and the people who suffer most are the employees and investors who trusted them to do their job.

So why haven’t we seen any investors holding the board accountable for their failure. Didn’t they neglect their fiduciary responsibilities by causing up to Mark and allowing him to make horrible decisions that have seriously damaged the organization.

Zortman, Fargo...clowns. couldn't swallow their pride that they selected Wayne and extended his contract. Then, to cover it up, Wayne lies that it was his choice to leave. Until you clear out the incompetence in the BoD, you'll keep getting subpar CEO selections. I wouldn't trust the remaining EC to run my 10 yr old's lemonade stand.

Looks like he is no longer on the Police Athletic League Board with BQS and Mcguire still sitting on it. Does BQS sit next to McGuire on the PAL Board ? Gotta be awkward right now. Will JRG be spotted at the Lincoln Financial Stadium suite tonight at the Iggels game serving Red Wine and Crepes.

Elliott recently increased its stake in PSX and now owns ~16 million shares.
So they’re not going anywhere.

With Elliott $4bn stake in PepsiCo. They're coming with changes.

https://finance.yahoo.com/news/elliott-management-plans-activist-campaign-113341334.html

Their history....

Elliott takes activist stakes in companies to push for operational improvements, board changes, and other measures to boost shareholder value. Recent and ongoing campaigns include:

PepsiCo ($4 billion stake): Revealed on September 2, 2025, this is reportedly Elliott's largest equity position ever. The firm is advocating for changes to address stagnant share prices and slow growth in PepsiCo's food and beverage segments.

Medtronic: In August 2025, Medtronic added two new board members following a period of underperformance, partially influenced by Elliott's involvement.

Phillips 66: After building a multi-billion-dollar stake, Elliott successfully pushed for changes at the energy refiner in 2024. In February 2025, the fund reportedly increased its stake and is seeking further changes, including a potential spin-off of the midstream business.

Honeywell: In late 2024, Elliott took a stake of over $5 billion and called for the conglomerate to break up, a move it later announced. Elliott subsequently gained a seat on the company's board.

Starbucks: In 2024, Elliott took a large stake in the coffee company and played a role in the ouster of its CEO amid slumping sales.

Equinix: Yahoo Finance reported in July 2025 that Elliott had increased its stake in the digital infrastructure company

I’m tired of seeing MW, LC, EB and whoever the name of the week is.

They are just receiving orders from the real decision makers:

https://www.chevron.com/who-we-are/leadership

MW, LC, and EB at least have the ba--s to show their face when doing it.

The recent CEO and Board are a bunch of cowards plain and simple. Total lip service and many even bought that lip service. Look what has happened. Beyond a sad day for many people. They say the only constant things in life is change and paying taxes. But change doesn' t mean to sell out to VULTURES. You FAILED as leaders ...but what do you care. You get a lot of money..That is what is it all about right. But also many of you voted for this. You RUINED a respected... what was once a pretty good company. A fact is a fact. Just terrible.

"It's not clear what an activist might be looking to do with PepsiCo (PEP), though they may want the company to split up or maybe the board may need an overhaul, Bilson speculated."

This is what lots of bad management gets you...I think it's pretty obvious to everyone what needs to be done with PEP...

https://seekingalpha.com/news/4486225-pepsico-under-spotlight-as-activist-target-after-13f-filings

They are, after all, the ones that let Mark run this place into the ground.
They should have all been let go to, unless they found God and see the error of their ways.

Customers again not happy with TransUnion passing all the jobs to India, costa rica among other countries. Can't be happy with the UK, they don't work overtime and you can't get hold of them during pub hours. Let's outsource 100% of IT to another countries but have DEI personnel who works in Texas lead GCC. How does one lead from US who not on the same time schedule, sounds like that person has a husband saving her a-s. Here reports of nothing getting done, do these board members even give a sh-t?