Options Backdating Claims UnitedHealth CEO
A spreading corporate scandal over stock options has claimed the chief executive of the nation's second-largest health insurer. William McGuire will leave UnitedHealth Group after an independent investigation disclosed serious problems in the way stock options were granted at the company.
At the end of last year, McGuire's options were valued at $1.6 billion. At least 30 corporate officers and board members have resigned or been forced out at more than a dozen companies over the backdating of stock options.
Related NPR Stories
UnitedHealth CEO Resigns Over Stock Questions Oct. 16, 2006
Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.