Thread regarding Humana Inc. layoffs

More mouths to feed

We see the board will be getting bigger with two more board members from Starboard Value. Why would they do that. This is from their site

Starboard Value LP is a New York-based investment adviser with a focused and fundamental approach to investing in publicly traded U.S. companies. Starboard seeks to invest in deeply undervalued companies and actively engage with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.

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| 1871 views | | 6 replies (last February 25, 2022) | Reply
Post ID: @OP+1fqkT864

6 replies (most recent on top)

I don't think they are expanding the board but replacing two sitting members. Starboard is an activist hedge fund with a history of replacing sitting boards and CEOs.

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Post ID: @3znj+1fqkT864

This definitely feels off. I thought the company was doing so well… now suddenly we’re at rock bottom? Did our execs misuse our funds?

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Post ID: @1trw+1fqkT864

Yeah, I was wondering about that too! It seemed really…. suspicious.

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Post ID: @1fkb+1fqkT864

Starboard is a Hedge fund that invest in companies to help them make money and they also make money. They own roughly 7% shares or 1 million in Humana shares. This gives them the right to request certain director to the board at Humana.

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Post ID: @xay+1fqkT864

“ Starboard seeks to invest in deeply undervalued companies”… Say no more!

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Post ID: @wqk+1fqkT864

Very interesting.

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Post ID: @tqk+1fqkT864

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