On Friday afternoon May 21, WellPoint released the official tally for the voting from their contentions annual shareholders meeting on the 18th. Our resolution to return Wellpoint to non-profit status received over 30 million votes, 9.4% of the shares voted. That is a jaw dropping vote of no confidence in the management of this company. But the story isn’t over yet. Our shareholder resolution for WellPoint to return to its non-profit Blue Cross roots will be back next year. And the SEC has proposed a new regulation that would allow shareholders to directly nominate corporate board members called “Proxy Access.” If this goes into effect this fall as expected, I intend to run for the WellPoint board.
|By: Rob Stone M.D. Monday May 31, 2010 9:39 am|