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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