Wednesday, May 17, 2006

UnitedHealth Problems Continue

UnitedHealth (NYSE:UNH) just announced that the US Attorney for the Southern district has served a subpeona for all documents relating to granting of stock options. The IRS is also asking for related tax information for all officers named in the annual proxy. Not surprising that it happened just surprised that it took so long. Given the size of the matter how can senior executives run the company and defend themselves. White knight or black knight needed immediately.