Oxford's News Only Sounds Bad

CEO Wiggins quits--but will stick around to run a new unit

It has been a spectacular run for Oxford Health Plans Inc. In 13 years under founder Stephen F. Wiggins, the managed-care company has racked up 1.9 million members, nearly 100% annual profit growth, and a $6.2 billion market capitalization. Wiggins has a stake now worth $240 million.

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