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United Health Group agreed to settle charges that it violated the reporting, books and records and internal controls provisions of federal securities laws, without admitting or denying the allegations or paying a monetary penalty, according to the Securities and Exchange Commission, which filed the settlement.
I would strongly suggest getting away far away from him if he’s anywhere near your life; this “man” is actually a monster and he has no heart and no soul.
He lost both of them a long time ago, trading them away so that he could have a few hundred million dollars instead of a hundred million. Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management.
It is also possible that other former United Health executives will be targeted by the SEC, which said its investigation continues. Mc Guire steadfastly denied that he backdated the options.
The conversion grants are made on the day of each regularly scheduled Board meeting and become exercisable immediately upon grant.
The number of shares covered by a conversion option will equal four times the amount of the retainer and meeting fees foregone, divided by the fair market value of one share of our common stock on the date of grant.
But last year, an internal probe at United Health concluded that millions of stock options were likely backdated on Dr. -snip- -snip- Yesterday, the SEC backed the board's conclusion, stating flatly that Dr.
Mc Guire used "hindsight to pick advantageous grant dates." Of the options surrendered, 5.6 million were dated Oct. Times Magazine profile in "The Way We Live Now" series about University of Miami President Donna Shalala, the former Secretary of Health and Human Services in the Clinton administration, and one of the principal advocates of Clinton's health care reform plan, which was meant to provide universal health care insurance.