WellPoint President Resigns

WellPoint President and CEO, Angela Braly, has resigned amid disappointing financial results at the nation’s second-largest health insurer. The new head of the company is Executive Vice President and General Counsel John Cannon, who will step in until they find someone they like. The Indianapolis-based company last month cut its 2012 profit forecast and reported second-quarter earnings that fell short of Wall Street’s expectations, this as they company is on the verge of the biggest merger in their history as they are spending nearly 4 and a half billion dollars to buy 1-800 Contacts and AmeriGroup.