UnitedHealthcare CEO Brian Thompson Investigation and Data Breach

SOURCE nypost.com
UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel while under investigation by the Department of Justice. He sold $15.1 million in shares before news of the antitrust probe went public. The company faced a data breach and paid $22 million to hackers.

Key Points

  • Brian Thompson sold $15.1 million in shares before news of the antitrust probe went public
  • UnitedHealthcare paid hackers a $22 million ransom after a data breach compromising private data
  • The company estimated financial costs of around $705 million due to the hack

Pros

  • Share sales by firm principals are typically scrutinized by a company's general counsel

Cons

  • UnitedHealthcare CEO Brian Thompson was killed in a targeted shooting
  • The company faced a data breach compromising private data of as many as one-third of Americans