NEWS FLASH
Shareholders Call For Sen. Bayh’s Wife To Resign From WellPoint Board | A group of investors is calling for the resignation of two WellPoint board members over the company’s political spending, the Washington Post reported yesterday. One of the board members investors are seeking to remove is Susan Bayh, the wife of former Senator Evan Bayh (D-IN). The controversy stems from an $86 million transfer from America’s Health Insurance Plans, the health insurers’ trade group, to the Chamber of Commerce in 2010. The Chamber opposed the passage of the Affordable Care Act, which also became law in 2010. WellPoint claimed it complies with all laws regarding political disclosure, but their report does not contain details of contributions to the insurers’ trade group. Shareholder revolts have become more common in the wake of the Supreme Court’s Citizens United decision in 2010.
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