$1,600, 000,000

[underpants]

http://www.forbes.com/facesinthenews/2006/05/01/unitedhealth-mcguire-stock-cx_po_0501autofacescan02.html

UnitedHealth's McGuire Defends His $1.6B Nest Egg


London - Hard to argue that the receiving end of multi-billion-dollar stock options is a fine place to be. But for William McGuire, chief executive of UnitedHealth Group, any delight over his $1.6 billion holding has been soured with repeated questions about how he was able to amass his hoard of options. Ahead of a crucial annual meeting tomorrow, the chief executive has once again been defending his payout.

Following recent disclosures through the U.S. Securities & Exchange Commission, it was found that UnitedHealth's board had granted McGuire's stock options on the best possible days during 1997, 1999 and 2000, sending his wealth soaring along with the company's share price. In spite of the fluky timing, which some say points inexorably to backdating, the chief has repeatedly declined to explain how the options were awarded, saying he does not want to appear to be influencing a panel of company directors who are probing the issue.

[ClintonTyree]

1. There nothing "fluky" about the timing.........

As the article states, it all points to backdating. There is no way in hell anyone gets that "lucky" without interference. Period. Another Corporate rip off......as if there weren't enough already! :eyes:

[RUMMYisFROSTED]

2. Not true.

Just ask your Senator.

The study found that during the boom years of 1993-98, a majority of US Senators were trading stocks - and beating the market by 12 percentage points a year on average. By comparison, corporate insiders beat the market by 5 percent, and typical households underperformed by 1.4 percent.

http://www.csmonitor.com/2004/0309/p01s03-uspo.html

Oh, you said "without interference."

Never mind.

[sam sarrha]

3. same amount was paid to Exon CEO since 1993..

[sam sarrha]

4. is this Excess money being laundered into the Republican Party..??

[acmavm]

5. Crooks watching and regulating crooks. Why don't they just

drop the pretense?

[corporate_mike]

6. that's why healthcare is not affordable