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WellPoint: Angela Braly (CEO & President)

Why this is a big quit:

WellPoint is the second largest U.S. health insurer. With the ongoing national debate over the health insurance changes, Angela Braly’s departure can potentially distract this major health care organization.  Ms. Braly, with WellPoint since 1999, served several different important positions. As Executive Vice president and Chief Public Affairs Officer, prior to becoming the CEO in 2007, she proved her fitness during the acquisition of WellChoice in 2005.

Why it’s not as big as our Top 10:

Under Ms. Braly’s leadership, WellPoint fell into many difficult legal issues, including multimillion dollar settlements for unjustified coverage cancellations, and accusation of excessive premium hikes that required congressional testimony. Ultimatley, Braly was ousted by the shareholders due to sickly sales and her ineffective strategy to turn around the company’s general soreness, malaise, and fatigue.