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UnitedHealth's Filing Follies
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For UnitedHealth (UNH Quote), a compensation-related headache has escalated into a full-blown migraine.
The giant health insurer, suspected of granting in-the-money stock options to its wealthy executives, has delayed the filing of its latest quarterly report due to possible accounting changes that could prove material in nature. The changes, if necessary, would reflect the rising value of options issued to company employees -- including massive grants to CEO William McGuire -- and drive up reported expenses as a result.
UnitedHealth's stock tumbled 3.6% to $47.22 on the news. ...
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