WellPoint chairman Leonard Schaeffer resigned this week. The position will be filled by president and CEO Larry Glasscock. Observers suspect that Mike Stocker (Empire Blues) will move to the board, a condition of WellPoint's planned $6.5 billion acquisition of New York-based WellChoice. In 2003, some estimates put Schaeffer's stake in the company after the Anthem-WellPoint merger at around $325 million.
- read this article from Indystar.com