Embattled CEO To Step Down At UnitedHealth.

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Bibliographic Details
Title: Embattled CEO To Step Down At UnitedHealth.
Authors: Bandler, James, Forelle, Charles
Source: Wall Street Journal - Eastern Edition. 10/16/2006, Vol. 248 Issue 90, pA1-A12. 2p. 2 Charts.
Subjects: McGuire, William, UnitedHealth Group Inc., Chief executive officers, Hemsley, Stephen, Employee stock options, Corruption
Abstract: The article reports that William McGuire, Chairman and CEO of UnitedHealth Group Inc., will resign. The article focuses on an investigation of UnitedHealth Group's granting of "backdated" options to company executives. A timetable related to the options backdating scandal is provided. The article reports that Stephen Hemsley will take over as company CEO in December 2006.
Database: Newspaper Source Plus
Description
Abstract:The article reports that William McGuire, Chairman and CEO of UnitedHealth Group Inc., will resign. The article focuses on an investigation of UnitedHealth Group's granting of "backdated" options to company executives. A timetable related to the options backdating scandal is provided. The article reports that Stephen Hemsley will take over as company CEO in December 2006.
ISSN:00999660