One of the things I’ve always enjoyed about working here at Blue Cross and Blue Shield of Louisiana is the freedom we enjoy as a not-for-profit company. I spent some time in the for-profit, Fortune 500 world earlier in my career, and although I could probably have made more money there, I could never enjoy the freedom to act in the best interest of LOUISIANA that I have here.
In a typical publicly traded company, where everybody is hyper-focused on the stock price, constant consultation goes on between the company’s leaders and their “advisers” on Wall Street. In those situations, analysts and well-meaning outsiders have a huge amount of influence on the way companies behave, and at the end of the day, their primary responsibility is to their shareholders, not to their customers or employees. Read more