<< Read Full Article
<< Read Full Article
1. So Much for 20-20 Hindsight
UnitedHealth (UNH Quote) CEO William McGuire had his moment of truth this week.
The Minnetonka, Minn., health insurer is saying farewell to its longtime chief. McGuire steered UnitedHealth from the brink of bankruptcy in the early 1990s to industry leadership, driving shares up an eye-popping 8,500% along the way. But the company conceded Sunday that it found evidence of widespread stock-option backdating under his reign.
"The board expressed its appreciation," UnitedHealth said Sunday, "for the extraordinary contributions made by Dr. McGuire over the past 15 years." ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet