« Home | Ad Supported Games Coming to You » | Google AdWords Incorporates Landing Page Quality i... » | AOL Time Warner Acquires Relegence for $55 Million... » | How to Get a Job in Venture Capital and Private Eq... » | Google Video Sued for CopyRight Infringement » | Kazakhstanis Against Borat » | MySpace Blocking MySpace Founders New Sites » | Christie's Halts Sale of Picasso by Lloyd Webber » | Ugg Boots are on Fire » | FaceBook Traffic Up 16% in October »

November 09, 2006

UnitedHealth Executives Refund $390 million in Ill Gotten Gains

posted by MR WAVETHEORY at 11/09/2006 04:10:00 AM
Just when you thought Dick Grasso had it bad (he had to repay $150 million of his "retirement money"), the top two executives at UnitedHealth Group Inc. (NYSE UNH), well, they have it worse. They are forfeiting $390 million in backdated stock options. UnitedHealth Group is the largest US insurer.
The two top executives of UnitedHealth Group agreed to forfeit about $390 million in stock-option compensation -- by far the biggest sum returned to a company under scrutiny for backdating options awards -- a move that was announced at the same time the giant health insurer disavowed more than a decade's worth of earnings statements.

Previous Posts

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home