Unitedhealth group stock option backdating

A company investigation found he may have backdated stock options worth hundreds of millions of dollars. At Tuesday's meeting, United Health's new CEO, Stephen Hemsley, apologized to investors again for the stock-option mess.Backdating allows a buyer to purchase a stock for a past, lower price. "I can only say how deeply we regret the shortcomings in the administration of our stock option programs," he said.After months of questions surrounding United Health Group's stock options practices, the weekend brought a major shakeup in the company's leadership.In addition to announcing the retirement of CEO Bill Mc Guire, the company also says a board member and the company's general counsel will retire.Under United Health's current rules, the hit to profits would be much smaller -- up to 0 million.But either way the reduction will be in the form of a non-cash charge, the company says.

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Mc Guire is one of the country's highest paid executives, having amassed nearly

Mc Guire is one of the country's highest paid executives, having amassed nearly $1.8 billion in unexercised stock options, according to estimates cited in the Wall Street Journal.

The report found the effective dates for most of the option grants reviewed were wrong, and many options were likely backdated.

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Mc Guire is one of the country's highest paid executives, having amassed nearly $1.8 billion in unexercised stock options, according to estimates cited in the Wall Street Journal.The report found the effective dates for most of the option grants reviewed were wrong, and many options were likely backdated.

.8 billion in unexercised stock options, according to estimates cited in the Wall Street Journal.

The report found the effective dates for most of the option grants reviewed were wrong, and many options were likely backdated.

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