Monday, May 01, 2006

UnitedHealth Group Controversy

UnitedHealth Group is under fire for its very controversial awards of stock options to William McGuire the CEO and Chairman. The big shoot out may occur at Tuesday's annual meeting. CALPERs has asked for a special meeting before. Clearly they are not happy. Governance experts are recommended withholding votes for members of the compensation committee. When the problem gets this far and is this messy how can you have confidence in the boss? What will he try next?