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David Thomas

Chief Executive Officer of Markets & Medicaid, Centene

Search every verified David Thomas interview, podcast appearance, and on-the-record quote โ€” each transcript cross-checked by AI and human review to confirm speaker identity. In an April 2020 interview discussing Centene's first-quarter earnings, CEO Michael Neidorff described the period as "a very unusual time" for American businesses. He stated that the company's quarterly performance aligned with the forecast provided on March 3, reporting earnings of 91 cents per share. Neidorff attributed a five-cent shortfall to a loss of interest income, which he said resulted from the Federal Reserve's dramatic rate cuts, an event he described as unforeseeable. He noted that Centene had moved 66,000 employees to work from home in three days and that the company was "functioning today as well as it has ever functioned." Neidorff cautioned against measuring the company's performance on a quarterly basis, suggesting that observers should "look over the long haul" due to the pandemic's uncertainty. He expressed concern that a second peak of infections could occur if people returned to work too soon and predicted that unemployment could remain at 7โ€“10% into the following year. He advocated for continued physical distancing, mask-wearing, and temperature checks in workplaces, and stated that a return to normal economic activity would be "choppy" until a vaccine is available.

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  • Centene CEO on Q1 earnings: 'Very unusual time' for American businesses

    Centene CEO Michael Neidorff discussed the health insurer's latest quarterly report and his outlook for a post-pandemic world. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 ยป Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision ยป Subscribe to CNBC: https://cnb.cx/SubscribeCNBC ยป Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the lโ€ฆ

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