Chutes & Ladders: WellPoint's Schaeffer resigns, Glasscock assumes role

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

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