Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
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.