Albert Cardone, chairman and chief executive of...
Albert Cardone, chairman and chief executive of Empire Blue Cross & Blue Shield, the nation’s largest nonprofit health insurer, resigned after months of battling critics over his management and the company’s financial problems.
Cardone, 58, who earned $600,000 a year, was replaced by two executives. The company operates only in New York, insuring more than 8 million people.
Harold Vogt, an Empire board member and president of the Westchester County Chamber of Commerce, will be the new chairman. Donald Morchower, Empire’s chief operating officer, was named interim chief executive.
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