One of the least-discussed and barely-admitted aftereffects
of UnitedHealthcare CEO Brian Thompson’s murder is something that should make
every over-paid, under-worked, totally unnecessary corporate executive
nervous:
more
than 30 states have passed bills limiting insurance carriers’ ability to reject
necessary medical treatment with “prior authorization” abuses and more such
bills are pending this year.
Thompson
was the overpaid (
$10,221,898 for 2023), grossly
unnecessary UnitedHealthcare CEO when he was shot to death on the streets of
New York, allegedly, by an assassin who’d written “deny, defend, depose” on the
shells of the ammunition used in the shooting in Midtown Manhattan, New York
City, on December 4, 2024.
Let’s reflect on that unanticipated outcome for a
moment. The so-called
“healthcare insurance industry” reported over $71.3 billion in profits in
2024, while increasing premiums, begging for more
government-funded revenue, particularly from Medicare and Medicaid. Corporate executive salaries have ballooned
to levels that can’t be explained by any rational means (see
below). And that includes
Thompsons’s UnitedHealthcare replacement, Andrew Witty, who leads the pack of
deadbeat, useless CEOs scalping the public with the assistance of the
Republican Party’s usual corporate welfare suspects.

Obviously, getting shot at isn’t reforming the industry from
within, even a little bit, as UnitedHealthcare’s 2025 Revenues increased to $447.6
Billion, growing at 12% over the year, and investor earnings of $13.23/share. But if taking out one overpaid and useless insurance
company CEO caused more than 30 states to make feeble attempts at reining in
the nation’s most corrupt insurance industry, imagine what actual threat of
real reform would do for the American healthcare system.
In fact, if the American public discovered it had hind legs
to rise up on, a whole world of problems could be solved quickly, French
Revolution style. Pick a problem and
pick a CEO or “investor” who is that problem’s most obvious representative and
you have your target? Corporate and
special interests’ election interference and the biggest benefactors of the
Extreme Court’s disastrous Citizens United v. FEC (2010) decision? Obviously, Elon Musk and/or Peter Theil. Corporate environmental and climate change
damage? Darren W. Woods (CEO of
ExxonMobil) or Meg O'Neill (CEO of BP).
Benefactor of the media’s trust conglomerates and the decimation of
reliable US national media? David Ellison (CEO of Paramount Skydance) or Lachlan
Murdoch (Fox Corporation CEO). Predatory
low income housing vultures? Warren
Buffett (Clayton Homes, the largest manufacturer and lender of manufactured
homes in the United States) and/or Sam Zell
(Equity Lifestyle Properties, ELS)
the largest owner of trailer courts in the United States,

Before it happened, few in 1790 France ever imagined seeing
the “worst of the worst,” the French aristocracy, waiting for their turn at the
guillotine. But it happened. Our ruling class loudly cries about the public
dislike of executives with the usual “this
is un-American” whine, but is it?
The only people describing Brian Thompson’s death as “tragic” are
corporate executives and their useless, babbling corporate media and academia shills. It is hard to find a working-class person who
doesn’t just shrug and say “So what?” when it comes to a blip in the revolving
doors of the executive class. It’s
obvious it doesn’t matter which suit occupies those corner offices, the show
goes on regardless of who is earning a minimum of 300 times their typical
worker.
And, business-wise, it’s pretty obvious that the ruling
class has almost no contribution to make to progress, the economy the 99%
relies on, science and technology, and, especially, democracy and national
security. If you can think of anything
that critically requires the “guidance” of billionaires like Musk, Peter Theil,
Jeff Bezos, Larry Ellison, Mark Zuckerberg, Larry Page, Sergey Brin, the
Waltons, Jensen Huang, Warren Buffett, or any billionaire in this or any other
country, you
probably don’t know much about that particular technical or economic activity. In the past 20 years, so-called “founders”
and (usually) self-proclaimed “brilliant leaders” like Steve Jobs (Apple, 2011),
Paul Allen (2018, Microsoft), Ingvar Kamprad (2018, IKEA), Jack Welch (2020, GE),
Sumner Redstone (2020, Viacom/CBS) Sheldon Adelson (2021, Los Vegas Sands Corp),
Sergio Marchionne (2018, Fiat Chrysler), Giorgio Armani (2025, Armani Group), Frederick
W. Smith (2025, FedEx), Charles T. Munger (2023, Berkshire Hathaway) and a raft
of other overpaid, self-promoted, largely useless executives, “founders,” and
investors have died and, mostly, the fallout has been . . . crickets.
After all the noise about Jobs’ brilliant “leadership,”
Apple has done quite a bit better under Tim Cook and, when Cook is dead and
gone, likely the next corner office resident will do just as well or
better. GE continued it’s de-evolution
into a national embarrassment, the decline of which was started under the
“leadership” of Jack Welch, until what was once America’s most powerful and
profitable company became a
footnote in business history. The
last GE CEO, H. Lawrence "Larry" Culp Jr., was paid $87.6 million
to disassemble that once-great company. The
“richest person in the world,” Elon Musk, contributed nothing but political
connection and bad press to Tesla until the company finally came out with a
vehicle solidly representing Elon’s input: the Cybertruck. Elon’s 6,500lb+ “pickup” has significant
build quality/fitment issues (rattles, panel gaps, water leaks), non-existent
impact protection, rusting “stainless steel” construction, dangerous motorized
bed and front-trunk lids, limited cargo space (67 cubic feet), and doubtful
towing capacity (the hitch is mounted to a cast aluminum frame which is known
to fail well under the 11,000 pound rating).
None of Elon’s companies are better because of his involvement and some,
SpaceX for example, are considerably worse off from his mismanagement
interference.

The two most important factors in an executive’s tenure are luck
and who is doing the bulk of the work and making the most critical decisions behind
that “leadership” (also determined, mostly, by luck). The Ivy League MBA mills have been cranking
out thousands of over-educated fools and arrogant narcissists using the Harvard
“push blame down and pull credit up” mantra for at least 100 years, but those
“skills” don’t make or break any business.
I have documented, in past essays, my own CEO
experiences and none of them have been inspiring in any way (other than the
usual “how
NOT to do it” examples). I’ve never
been in a meeting where a CEO contributed anything even a little bit useful or
enlightening, let alone actual leadership.
And I’ve been in hundreds of meetings with CEOs from seven very
different industries from small companies to Fortune 100 catastrophes.
A smart, democratic public would realize the obvious, “We
may have democracy, or we may have wealth concentrated in the hands of a few,
but we cannot have both.” [Louis Brandeis (U.S. Supreme Court Justice)]
After WWII and the Great Depression, the country’s
leadership and the majority of voters realized that the first task was to pay
off the war debt and catch up on all of the infrastructure maintenance and
modernization that had been put off by the war effort. The post-WWII highest tax rate was in the
mid-90% territory. What used to be
called “unearned income” (investment and dividend income) was taxed at the
highest rate, since it is obviously unproductive income. Today, all of that is reversed and the chart
below plainly demonstrates the result (and this picture is a lot worse as a
result of the first year of Trump’s second term).

Even someone as math-disabled as Republican voters can see
the relationship between tax rates and national debt and it’s also pretty
obvious where this national insolvency problem began: Ronald Reagan’s “economic
miracle.” In 1981, there were 13
billionaires in the United States and our national debt was $994.8 billion. By 1989, the country suffered 99 billionaires
(an increase of 761%) and a national debt of $2.86 trillion, while the middle
class paid the bill for this gross acceleration in the nation’s idle rich. Today, there are over 1,100 estimated
billionaires in the US and the country is drowning in debt as a result.
Performance is NEVER linked to an executive’s
salary and there is no known positive relationship between a nation’s income
gap and any useful measure of a nation’s quality of life, security,
productivity, or even lifespan. Self-regulation
is not a real thing. Rich people,
companies, corporations, and even communities consistently prove themselves to
be incapable of reining in their worst inclinations. It always takes an outside force to reform
anything. Brian Thompson’s execution was
certainly a demonstration of how quickly reform can happen when outside forces
exert themselves on a corrupt industry.
Recently, Musk whined that $900B wasn’t making him
happy. Author George Ouzounian replied,
“Do you think it has to do with the fact that all you do is put out hatred and
negativity into the world and it reflects back to you constantly?” Several other people suggested that Musk’s
legendary selfishness, greed, entitlement, corruption, and disdain toward
“philanthropic activity” was key to his unhappiness. It’s highly unlikely that logic or morality
would have any influence on how someone as corruptible as Elon Musk lives his
life, but a better view of the guillotine might.\