It used to be the CEO’s (or perhaps sales executives) that were the big horndogs, now one of America’s top chief financial officers turns out to be the biggest one of all.***

In another example of “don’t judge a book by it’s cover” (or perhaps with money you can buy anything) let’s look at the case of WellPoint CFO David Colby.

A nerdly looking Colby on the left with one of his not bad lookin’ possessions

According to coverage in the Los Angeles Times:

David Colby is the financial brains that helped build WellPoint Inc., which runs Blue Cross of California, into the nation’s second-largest health insurance company. Wall Street loved him, and evidently so did women. He was voted the “industry’s best financial officer four years in a row” and he was rumored to be the CEO heir apparent. He was also well-compensated with a $740,000 annual salary and generous stock options (into the millions).

He was also a massive horndog. And it ended up costing him his job.

Despite being a semi-below average looking fellow throughout his career, Colby never had to sleep alone. Surprisingly many of his conquests weren’t bad looking. Finally, and possibly most impressive for someone in accounting, he was bedding two sisters during the same period (without either of them knowing).

So what kind of women was he getting? Not surprisingly, gold diggers. We know that because: 1) Look at him; and 2) now that his affairs are being aired in public, they and their lawyers are coming out of the woodwork going after his and WellPoint’s money.

The sisters who said they were having frequent sex with Colby

Then again, it appears he wasn’t all that picky with his “amorous entanglements.”

Another Girlfriend. As my dad used to say, ‘just because they are a trophy girlfriend doesn’t mean it was for first place.’

The search for deep pockets hasn’t just extended to going after Colby and WellPoint and his girlfriends have a movie deal (Lifetime?) in the works. Larry Garrison, president of Thousand Oaks-based SilverCreek Entertainment, said at least four of the women have agreed to participate in a media, book, movie and film-rights deal with Garrison and have retained DiCarlo’s lawyer in Los Angeles, Mark Hathaway.

Some of the women are now going on the record with how he wooed them. Sarah Waugh claims Colby told her:

‘Stay with me and you’ll never have to worry about anything. He hands me $300 or $500 and says, ‘Get a pedicure, buy yourself a dress.’ And that’s how it started.”

How romantic. Glad money wasn’t part of the attraction until later. I wonder why he didn’t just drop a platinum American Express card down his tidey whities?

Besides these affairs, Colby was married twice with both failing due to infidelity. His first wife said she sued for divorce in 1988 on grounds of infidelity after she became aware that he was involved in two extramarital relationships.

***Colby replaces Ike and Hagar in the top position.

wellpoint

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This entry was posted on Saturday, June 16th, 2007 at 5:52 pm by Insider and is filed under Brilliant, but uncategorizable. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.