Backdating wall

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Mc Guire joined United Healthcare in November 1988 as an executive vice president when the Peak Health Plan, of which he was then president and chief operating officer, was acquired by United.

In May 1989, he was appointed to the board of directors and became chief operating officer of United.

There is absolutely no doubt that what has happened with the options backdating story is what usually happens when there is a contagion event across many companies.

The media has jumped on the story, looking for scapegoats and all too eager to see this story as one more example of “greedy” corporate executives enriching themselves (supposedly) at shareholder expense.

From 1989 until 2006, Mc Guire received compensation from United Health in the form of stock options that eventually became worth around

Mc Guire joined United Healthcare in November 1988 as an executive vice president when the Peak Health Plan, of which he was then president and chief operating officer, was acquired by United.In May 1989, he was appointed to the board of directors and became chief operating officer of United.There is absolutely no doubt that what has happened with the options backdating story is what usually happens when there is a contagion event across many companies.The media has jumped on the story, looking for scapegoats and all too eager to see this story as one more example of “greedy” corporate executives enriching themselves (supposedly) at shareholder expense.

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Mc Guire joined United Healthcare in November 1988 as an executive vice president when the Peak Health Plan, of which he was then president and chief operating officer, was acquired by United.

In May 1989, he was appointed to the board of directors and became chief operating officer of United.

There is absolutely no doubt that what has happened with the options backdating story is what usually happens when there is a contagion event across many companies.

The media has jumped on the story, looking for scapegoats and all too eager to see this story as one more example of “greedy” corporate executives enriching themselves (supposedly) at shareholder expense.

From 1989 until 2006, Mc Guire received compensation from United Health in the form of stock options that eventually became worth around $1.6 billion.

On December 6, 2007, the Securities and Exchange Commission announced a settlement, under which Mc Guire was to repay $468 million as a partial settlement of the backdating prosecution.

He attended college at the University of Texas at Austin and medical school at the University of Texas Medical Branch at Galveston, Texas.

.6 billion.

On December 6, 2007, the Securities and Exchange Commission announced a settlement, under which Mc Guire was to repay 8 million as a partial settlement of the backdating prosecution.

He attended college at the University of Texas at Austin and medical school at the University of Texas Medical Branch at Galveston, Texas.

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This view is most persuasively presented on Professor Larry Ribstein’s (most recently, here).

He also owns Minnesota United FC, Minnesota's professional soccer team.

(born 1948) is an American pulmonologist, lepidopterist, philanthropist, and healthcare executive, best known for his tenure as chairman and chief executive officer of United Health Group from 1991 until his resignation in 2006.

On January 10, 2007, Sorin settled the enforcement proceeding that had been brought against him by the SEC in connection with options backdating allegations.

The SEC’s press release about the settlement can be found here.

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