How Did UnitedHealth's McGuire Get Same Options Twice?

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Bibliographic Details
Title: How Did UnitedHealth's McGuire Get Same Options Twice?
Authors: Forelle, Charles, Bandler, James, Maremont, Mark
Source: Wall Street Journal - Eastern Edition. 10/20/2006, Vol. 248 Issue 94, pB1-B9. 2p.
Subjects: McGuire, William, UnitedHealth Group Inc., Stock options, Wilmer Cutler Pickering Hale & Dorr LLP, Financial disclosure, Chief executive officers
Abstract: This article discusses the stock options of Dr. William McGuire, CEO of United Health Group Inc. A report by the legal firm Wilmer Cutler Pickering Hale and Dorr alleges backdating of stock options. It suggests that some options were reissued in 1999 while others were reactivated later, more than doubling the value of the benefits. McGuire resigned and will reportedly leave by December 1, 2006.
Database: Newspaper Source Plus
Description
Abstract:This article discusses the stock options of Dr. William McGuire, CEO of United Health Group Inc. A report by the legal firm Wilmer Cutler Pickering Hale and Dorr alleges backdating of stock options. It suggests that some options were reissued in 1999 while others were reactivated later, more than doubling the value of the benefits. McGuire resigned and will reportedly leave by December 1, 2006.
ISSN:00999660