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UnitedHealth Pays the Price
UnitedHealth (UNH Quote) is paying a steep price for indulging its superstar CEO.
William McGuire, one of the most accomplished corporate leaders in recent history, must leave the company. McGuire resigned as UnitedHealth's chairman and will soon vacate his post as CEO after collecting backdated stock options that helped turn him into a paper billionaire. The company's stock jumped nearly 8,500% with McGuire at the helm.
UnitedHealth's top lawyer and five of its board members, beginning with the chairman of its compensation committee, are headed out the door as well. ...
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