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Unitedhealth group stock option backdating jack coleman dating

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The benefit to the employee is the difference between the strike price and the subsequent sales price.

The cost to shareholders is that all their stock is now worth a bit less because the newly issued shares dilute their stake.

It was back in 2005 that the stream of securities lawsuits involving the back dating of stock options began.

There may not be a big firm associate alive that did not have the taks of investigating out how, when and why options were issued.

Mc Guire joined United Healthcare in November 1988 as an executive vice president when the Peak Health Plan, of which he was then president and chief operating officer, was acquired by United.

In May 1989, he was appointed to the board of directors and became chief operating officer of United.

In November 1989, he became president of the company, a position he held until May 1991.

And though most people had put backdating in the backburners of their minds, it has been in the news in this very last part of the decade.

He attended college at the University of Texas at Austin and medical school at the University of Texas Medical Branch at Galveston, Texas.

After medical school, he worked in California and Colorado before moving to Minnesota.

When Mc Guire joined United, it was an unprofitable regional health maintenance organization with annual revenues around 0 million.

When he left, United was one of the largest, most profitable, and most diversified healthcare companies in the world, with more than billion in annual revenues, more than 50,000 employees, and more than sixty million health plan members.