Last Tuesday morning, WellPoint had their annual meeting. About an hour or so into it, activist shareholders finally had an opportunity to have their say. They lined up to grill the board on contentious issues, including questionable decisions made by the healthcare company. Longtime Wellpoint activist shareholder, Dr. Robert Stone (and Moxy Vote advocate who collected almost 10% of the vote on his shareholder resolution), was speaking about conducting a feasibility report to consider non-profit status for the insurer. During his presentation, a WellPoint board member moaned out and rolled onto the floor. Dr. Stone, a physician from Bloomington, rushed to the side of the board member, who happened to be former president George W. Bush’s uncle “Bucky.” He was immediately taken to the hospital for further evaluation.
Luckily, Uncle Bucky has since recovered. However, because of his illness the meeting abruptly ended, which left shareholders with unanswered questions and unheard proposals. Needless to say, this didn’t sit well with the dissidents. With Chairwoman and CEO Angela Braly still at the meeting, some wondered why it couldn’t resume after Bush seemed fine and was taken to the hospital. The dissidents also noted that just before the meeting began, the company decided to cancel its web cast. Only reporters who attended in person could observe.
And while a “say on pay” resolution passed, shareholders never had their say on the more contentious issues. As a result, some shareholders began to protest outside chanting, “Hey, hey, ho, Angela Braly must go.”
Even Michael Crichton may have had a hard time dreaming up this plot.

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