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Leonard D Schaeffer

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BUSINESS
October 15, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
Leonard D. Schaeffer tells the story about a consultant who called a telephone operator a few years ago to get Blue Cross of California's phone number. "I wouldn't call Blue Cross," the operator shot back. "They're terrible." Indeed it was. Saddled with a bloated bureaucracy, soaring medical costs and a well-earned reputation for lousy service, the state's largest health insurer gushed red ink in the mid-1980s. Morale sagged at the company's Woodland Hills headquarters.
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BUSINESS
April 20, 2006 | From Bloomberg News
Texas Pacific Group, the Fort Worth buyout firm that may raise as much as $14 billion for a new fund, hired former WellPoint Inc. Chief Executive Leonard Schaeffer as a senior advisor on healthcare acquisitions. Schaeffer headed WellPoint at the time of its controversial acquisition by Anthem Inc. in 2004. WellPoint is the parent of Blue Cross of California.
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BUSINESS
December 1, 2005
* Health insurer WellPoint Inc. said Leonard D. Schaeffer had resigned as chairman and was succeeded by Chief Executive Larry C. Glasscock. Schaeffer, 60, former chairman and CEO of WellPoint Health Networks Inc. of Thousand Oaks, relinquished his board seat a year after Anthem Inc. bought the company and took its name. * Hewlett-Packard Co. said the head of its software business was resigning after five years on the job.
BUSINESS
December 1, 2005
* Health insurer WellPoint Inc. said Leonard D. Schaeffer had resigned as chairman and was succeeded by Chief Executive Larry C. Glasscock. Schaeffer, 60, former chairman and CEO of WellPoint Health Networks Inc. of Thousand Oaks, relinquished his board seat a year after Anthem Inc. bought the company and took its name. * Hewlett-Packard Co. said the head of its software business was resigning after five years on the job.
CALIFORNIA | LOCAL
January 9, 2001
* Leonard D. Schaeffer, chairman and chief executive of Thousand Oaks-based HMO WellPoint, has been named one of the top 25 managers of 2000 by Business Week magazine. The list, which includes CEOs from a wide variety of industries, was published in the Jan. 8 edition. The magazine attributed WellPoint's success in attracting customers to its focus on innovation in product design. Business Week noted that WellPoint offers small employers more health-plan choices than other insurers do.
BUSINESS
January 8, 1996 | DAVID OLMOS, TIMES STAFF WRITER
Blue Cross of California said Sunday that its 18-member board, at a special meeting, voted unanimously to express its "unqualified support and confidence" in Leonard D. Schaeffer, chairman and chief executive, who has come under criticism from several board members for recent management actions. The nonprofit health-care organization also said that within three weeks it would file an amended plan to create a public health-care foundation.
BUSINESS
January 6, 1996 | DAVID R. OLMOS, TIMES STAFF WRITER
In the wake of a failed health-care merger, disgruntled Blue Cross of California directors may force a vote on the ouster of Chairman Leonard D. Schaeffer at a special meeting this weekend, board sources said Friday. "Some of us have been talking, and we feel we've got to present a good case as to why we are disappointed" in Schaeffer's performance, said one board member, who did not want to be named. "If we can build that support, we'll ask for his resignation or termination."
BUSINESS
October 29, 2003 | James Flanigan
Leonard Schaeffer thinks he can fix what's ailing the sprawling U.S. medical system. The chairman and chief executive of WellPoint Health Networks Inc., Schaeffer has always been something of a visionary when it comes to health-care policy. And what he foresees now is a new age for insurance in which coverage will be tailored to specific illnesses and individual wants and needs.
BUSINESS
March 3, 2000 | JAMES F. PELTZ, TIMES STAFF WRITER
During most of Leonard Schaeffer's reign as head of WellPoint Health Networks Inc. and its main division, Blue Cross of California, Schaeffer intentionally toiled in a ground-floor office rather than take the penthouse preferred by most chief executives. "Let the employees have the view," he once said. "They do the work." It was a symbolic gesture to motivate his work force. But now Schaeffer is bidding to capture the loftiest seat in the U.S. health-care industry by acquiring Aetna Inc.
BUSINESS
April 20, 2006 | From Bloomberg News
Texas Pacific Group, the Fort Worth buyout firm that may raise as much as $14 billion for a new fund, hired former WellPoint Inc. Chief Executive Leonard Schaeffer as a senior advisor on healthcare acquisitions. Schaeffer headed WellPoint at the time of its controversial acquisition by Anthem Inc. in 2004. WellPoint is the parent of Blue Cross of California.
BUSINESS
October 29, 2003 | James Flanigan
Leonard Schaeffer thinks he can fix what's ailing the sprawling U.S. medical system. The chairman and chief executive of WellPoint Health Networks Inc., Schaeffer has always been something of a visionary when it comes to health-care policy. And what he foresees now is a new age for insurance in which coverage will be tailored to specific illnesses and individual wants and needs.
CALIFORNIA | LOCAL
January 9, 2001
* Leonard D. Schaeffer, chairman and chief executive of Thousand Oaks-based HMO WellPoint, has been named one of the top 25 managers of 2000 by Business Week magazine. The list, which includes CEOs from a wide variety of industries, was published in the Jan. 8 edition. The magazine attributed WellPoint's success in attracting customers to its focus on innovation in product design. Business Week noted that WellPoint offers small employers more health-plan choices than other insurers do.
BUSINESS
March 3, 2000 | JAMES F. PELTZ, TIMES STAFF WRITER
During most of Leonard Schaeffer's reign as head of WellPoint Health Networks Inc. and its main division, Blue Cross of California, Schaeffer intentionally toiled in a ground-floor office rather than take the penthouse preferred by most chief executives. "Let the employees have the view," he once said. "They do the work." It was a symbolic gesture to motivate his work force. But now Schaeffer is bidding to capture the loftiest seat in the U.S. health-care industry by acquiring Aetna Inc.
BUSINESS
January 8, 1996 | DAVID OLMOS, TIMES STAFF WRITER
Blue Cross of California said Sunday that its 18-member board, at a special meeting, voted unanimously to express its "unqualified support and confidence" in Leonard D. Schaeffer, chairman and chief executive, who has come under criticism from several board members for recent management actions. The nonprofit health-care organization also said that within three weeks it would file an amended plan to create a public health-care foundation.
BUSINESS
January 6, 1996 | DAVID R. OLMOS, TIMES STAFF WRITER
In the wake of a failed health-care merger, disgruntled Blue Cross of California directors may force a vote on the ouster of Chairman Leonard D. Schaeffer at a special meeting this weekend, board sources said Friday. "Some of us have been talking, and we feel we've got to present a good case as to why we are disappointed" in Schaeffer's performance, said one board member, who did not want to be named. "If we can build that support, we'll ask for his resignation or termination."
BUSINESS
October 15, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
Leonard D. Schaeffer tells the story about a consultant who called a telephone operator a few years ago to get Blue Cross of California's phone number. "I wouldn't call Blue Cross," the operator shot back. "They're terrible." Indeed it was. Saddled with a bloated bureaucracy, soaring medical costs and a well-earned reputation for lousy service, the state's largest health insurer gushed red ink in the mid-1980s. Morale sagged at the company's Woodland Hills headquarters.
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