Unitedhealth stock options backdating


21-Aug-2020 00:07

The company directs its resources into designing products, providing services and applying technologies that: * Improve access to health and well-being services; * Simplify the health care experience; * Promote quality; and, * Make health care more affordable.The benefits received by directors are as follows, per United's 2005 proxy statement, Directors who are not Company employees receive an annual retainer of ,000, a

The company directs its resources into designing products, providing services and applying technologies that: * Improve access to health and well-being services; * Simplify the health care experience; * Promote quality; and, * Make health care more affordable.The benefits received by directors are as follows, per United's 2005 proxy statement, Directors who are not Company employees receive an annual retainer of $30,000, a $1,500 fee for attending each Board meeting in person ($750 for attending by telephone), and a $1,000 fee for attending each committee meeting in person ($500 for attending by telephone).Chief Executive William Mc Guire has agreed to forfeit about $620 million in stock-option gains and retirement pay to settle civil and federal-government claims related to stock-option backdating.The settlement comes a year after the options-backdating scandal led to Dr. -snip- In the scandal, dozens of companies pretended that options were granted at an earlier date than they actually were.According to the Stipulation, the various derivative lawsuits "were a material factor in obtaining the $14 million payment from Apple’s liability insurers." The total cash value of the various payments is $22.85 million.UPDATE: An alert reader has raised an important question about my statement that the total cash value of this settlement is $22.85 million.By choosing “I agree” below, you agree that NPR’s sites use cookies, similar tracking and storage technologies, and information about the device you use to access our sites to enhance your viewing, listening and user experience, personalize content, personalize messages from NPR’s sponsors, provide social media features, and analyze NPR’s traffic.This information is shared with social media services, sponsorship, analytics and other third-party service providers.

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The company directs its resources into designing products, providing services and applying technologies that: * Improve access to health and well-being services; * Simplify the health care experience; * Promote quality; and, * Make health care more affordable.

,500 fee for attending each Board meeting in person (0 for attending by telephone), and a

The company directs its resources into designing products, providing services and applying technologies that: * Improve access to health and well-being services; * Simplify the health care experience; * Promote quality; and, * Make health care more affordable.The benefits received by directors are as follows, per United's 2005 proxy statement, Directors who are not Company employees receive an annual retainer of $30,000, a $1,500 fee for attending each Board meeting in person ($750 for attending by telephone), and a $1,000 fee for attending each committee meeting in person ($500 for attending by telephone).Chief Executive William Mc Guire has agreed to forfeit about $620 million in stock-option gains and retirement pay to settle civil and federal-government claims related to stock-option backdating.The settlement comes a year after the options-backdating scandal led to Dr. -snip- In the scandal, dozens of companies pretended that options were granted at an earlier date than they actually were.According to the Stipulation, the various derivative lawsuits "were a material factor in obtaining the $14 million payment from Apple’s liability insurers." The total cash value of the various payments is $22.85 million.UPDATE: An alert reader has raised an important question about my statement that the total cash value of this settlement is $22.85 million.By choosing “I agree” below, you agree that NPR’s sites use cookies, similar tracking and storage technologies, and information about the device you use to access our sites to enhance your viewing, listening and user experience, personalize content, personalize messages from NPR’s sponsors, provide social media features, and analyze NPR’s traffic.This information is shared with social media services, sponsorship, analytics and other third-party service providers.

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The company directs its resources into designing products, providing services and applying technologies that: * Improve access to health and well-being services; * Simplify the health care experience; * Promote quality; and, * Make health care more affordable.

,000 fee for attending each committee meeting in person (0 for attending by telephone).Chief Executive William Mc Guire has agreed to forfeit about 0 million in stock-option gains and retirement pay to settle civil and federal-government claims related to stock-option backdating.The settlement comes a year after the options-backdating scandal led to Dr. -snip- In the scandal, dozens of companies pretended that options were granted at an earlier date than they actually were.According to the Stipulation, the various derivative lawsuits "were a material factor in obtaining the million payment from Apple’s liability insurers." The total cash value of the various payments is .85 million.UPDATE: An alert reader has raised an important question about my statement that the total cash value of this settlement is .85 million.By choosing “I agree” below, you agree that NPR’s sites use cookies, similar tracking and storage technologies, and information about the device you use to access our sites to enhance your viewing, listening and user experience, personalize content, personalize messages from NPR’s sponsors, provide social media features, and analyze NPR’s traffic.This information is shared with social media services, sponsorship, analytics and other third-party service providers.

unitedhealth stock options backdating-50

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According to the proxy, Shalala had received options for 30,000 shares of stock by 2005.WAYZATA, MN 55391 UNITED HEALTH GROUP BUSH, GEORGE W (R) President BUSH-CHENEY ‘04 COMPLIANCE COMMITTEE INC. WAYZATA, MN 55391 UNITED HEALTH CARE/EXECUTIVE 2004 JOINT STATE VICTORY COMMITTEE (R) $-7,500 primary 09/22/04 MC GUIRE, WILLIAM MR.WAYZATA, MN 55391 2004 JOINT STATE VICTORY COMMITTEE (R) William Mc Guire is the medical doctor who made a conscious decision to let Patricia Rigney and hundreds of others like her die so that he could have a second yacht to water-ski behind.See our Privacy Policy and Third Party Partners to learn more about the use of data and your rights.

unitedhealth stock options backdating-73

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In one of the largest executive-pay givebacks in history, former United Health Group Inc.

In her spare time, Shalala is a director of United Health Group, the parent company for the United Health managed care organization, and hence has a fiduciary duty to the United Health.



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