MarketsDec 6, 2024
After UnitedHealth, Wall Street Realizes It Has Surprisingly Little Insight Into Corporate Security Details or Costs
Risk Disclosure
Noah Weidner
Discover
It’s been several days since a mysterious gunman shot and killed UnitedHealthcare CEO Brian Thompson — then reportedly fled on a bike, disappearing into Central Park, and has not been seen since. As law enforcement investigates the shocking attack, including the killer’s motives and timeliness, Wall Street has been asking: how does this sort of thing not happen more often?
There’s always a cheaper alternative: In response to the attack on Thompson, some healthcare companies like CVS Health and Centene have removed bios and images of executives from their websites — looking to make key staffers less of a target. Nearly all these companies have seen declines in their stock prices as they try to reassure investors about possible risks to business operations from public retaliation or attacks.
