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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar
NewslettersCEO Daily

David Cordani Built Cigna Into a Health Services Powerhouse. Now He’s Mastering the Art of Letting Go.

Diane Brady
By
Diane Brady
Diane Brady
Executive Editorial Director
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Diane Brady
By
Diane Brady
Diane Brady
Executive Editorial Director
Down Arrow Button Icon
June 16, 2026, 5:32 AM ET
David Cordani has served as CEO of Cigna Group for 17 years and is stepping down in July.
David Cordani has served as CEO of Cigna Group for 17 years and is stepping down in July.Mandel NGAN / AFP via Getty Images
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  • In today’s CEO Daily: Diane Brady interviews Cigna CEO David Cordani.
  • The big leadership story: Inside Vietnam’s fast-growing economy.
  • The markets: Mixed globally as the Nikkei 225 touches a new intraday high.
  • Plus: All the news and watercooler chat from Fortune.


Good morning.
The hardest decision for a CEO isn’t just knowing what to build. It’s knowing when to stop. 

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Not so for David Cordani, who grew Cigna from $18 billion in annual revenue to $275 billion over 17 years, in part through the 2018 Express Scripts acquisition that gave rise to the Evernorth health services business. Cordani is stepping down as CEO on July 1, becoming executive chairman. I spoke with him recently about the industry, AI, and what it actually feels like to hand over the keys.

On the his ‘leadership moment.’ When COVID-19 hit, Cordani was on the executive committee of the industry’s trade association. The question on the table: would they cover all vaccination costs? “I asserted that we need to,” he told me. Within two hours, they had an agreement and a plan worked out with HHS and the White House. Then he pushed further: would they proactively commit to covering all COVID-related services, regardless? “It was silent,” he said. “I postulated, if not, if not now, when? The board never said, ‘Let’s see the business case and the EPS impact.’ We said our mission guides this decision. To me, that is a leadership moment.” Cigna was the first major health insurer to waive patient costs for treatment.

On AI in health care. Cordani is measured about the impact AI will have. “Sometimes we overestimate the impact in the first two years and underestimate the impact over the first 10 years,” he said. He doesn’t believe AI is ready to make clinical decisions but sees real value in curating information to support them. His other concern: “It makes cyber challenges even more significant.” Worth keeping in mind as your own teams push for faster AI deployment.

On what leadership actually requires now. “Leadership today is less hierarchical, it’s less authoritative, it’s more coaching and enabling,” he said. “It has to have authenticity and vulnerability, and it has to have fluidity and dynamism in it.” His biggest regret? Not listening actively enough, early enough. “The impatience of a type A action orientation gets in the way of truly understanding.”

On letting go. “When you’re in the CEO role, you’re in the service of the company,” he said. “I challenge myself not to become too attached to the identity of CEO.” His definition of success: a transition so seamless he’s “somewhat forgotten” because successor Brian Evanko and his team will be so effective. After 25 years in leadership roles, he admits he’s going into an unknown. “I’m trying to be intellectually honest. I’m trying not to lie to myself,” he said. “I will seek to be an active part in helping the health and wellbeing systems evolve, because as a society we’re better off if people have higher levels of vitality.”

And a proven way to maintain that vitality is to continue to find a sense of purpose in what you do.

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

Top leadership news

The 2026 Southeast Asia 500

Out today: Fortune’s new 2026 Southeast Asia 500, a ranking of the region’s biggest countries by revenue. Check out the list here as well as features on Vietnam’s fast-growing economy and an analysis of the list’s buzziest trends.

The executive driving BYD's global growth

Stella Li turned BYD into the world’s largest EV maker from its battery roots and is leading the Chinese carmaker's global expansion. She’s pushing BYD into Europe with local factories and five-minute flash chargers to overcome tariffs and race past rivals. Her mission: scale innovation that cuts greenhouse gases and fossil-fuel dependence while overtaking Toyota within five years.

Why Patagonia is suing an activist

Patagonia is embroiled in a trademark lawsuit against drag queen and environmental activist Pattie Gonia that is turning into a reputational problem for the progressive outdoor brand. "We can't pick and choose," said Patagonia's chief communications officer Corley Kenna. "We can't just go after the organizations and individuals who are not values-aligned. We have to go after all, because that's how trademark law works."

The markets

S&P 500 futures are down 0.06% this morning. The last session closed up 1.65%. The STOXX Europe 600 was up 0.58% in early trading. The U.K.’s FTSE 100 was up 0.56% in early trading. Japan’s Nikkei 225 was up 0.13%. South Korea’s KOSPI was up 2.11% today. China’s CSI 300 was down 0.15%. Hong Kong’s Hang Seng was down 1.40%. India’s NIFTY 50 was up 0.56%. Bitcoin was up at $67K.

Around the watercooler

Here’s how SpaceX’s debut stacks up against other major IPOs by Jacqueline Munis

Iran emerges from war with its economy in free fall and inflation on some food items above 400%. If the regime doesn’t fix it, ‘there will be trouble’ by Jason Ma

The billionaire founder and CEO of Vista Equity Partners makes plea to businesses adopting AI: ‘Don’t destroy your intern program’ by Jeff John Roberts

Silicon Valley legend Vinod Khosla tears into ‘idiotic, shortsighted, and very selfish’ Gen Z Stanford protests of Google CEO by Nick Lichtenberg

CEO Daily is curated and edited by Joseph Abrams, Jason Ma, Claire Zillman, and Lee Clifford.

This is the web version of CEO Daily, a newsletter of must-read global insights from CEOs and industry leaders. Sign up to get it delivered free to your inbox.
About the Author
Diane Brady
By Diane BradyExecutive Editorial Director
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Diane Brady writes about the issues and leaders impacting the global business landscape. In addition to writing Fortune’s CEO Daily newsletter, she co-hosts the Leadership Next podcast, interviews newsmakers on stage at events worldwide and oversees the Fortune CEO Initiative. She previously worked at Forbes, McKinsey, Bloomberg Businessweek, the Wall Street Journal, and Maclean's. Her book Fraternity was named one of Amazon’s best books of 2012, and she also co-wrote Connecting the Dots with former Cisco CEO John Chambers.

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