Anything wrong with this?
UnitedHealth Group CEO Bill McGuire. (MPR Photo/Jeff Horwich)
Pulled this from today's NYTimes:
Former UnitedHealth Chief to Forfeit Over $400 Million“Poverty wants much; but avarice, everything”
By REUTERS
Published: December 6, 2007
NEW YORK (Reuters) - The former chief executive of UnitedHealth Group Incwill forfeit more than $400 million worth of stock options and retirement benefits under a settlement following a probe into the health insurer's options practices, the company said on Thursday.
Under the settlement, former CEO William McGuire will forfeit options valued at about $320 million as well as $91 million in retirement plan benefits, plus an additional $8 million in retirement savings.
Settlement agreements also were reached with former general counsel David Lubben, and former director William Spears, the company said.
(Reporting by Martha Graybow and Lewis Krauskopf; Editing by Gary Hill)
-- Publilius Syrus (Roman author, 1st century B.C.)
Labels: greed, health care
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