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How the Molina Brothers Got Bounced From the Family Health-Care Firm…..

Molina Healthcare’s former CEO called his removal from the company his father founded a ‘palace coup,’ but investors had been dissatisfied with the insurer’s uneven results in an industry unsettled by the Affordable Care Act

By Anna Wilde Mathews

May 31, 2017 10:34 a.m. ET

On May 2, J. Mario Molina walked into the boardroom of Molina Healthcare Inc., the company founded by his father, which he had run for more than two decades, ready for a routine meeting.

The first shock came quickly.

A board member made a motion to remove Dr. Molina as chairman. The rest of the board, except Dr. Molina and his brother,…

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