A prediction: The emerging news about United Healthcare will not stop with them.
According to a report prepared by lawyers at WilmerHale, the board of directors and its compensation committee didn’t bother keeping good notes about their decisions regarding pay negotiations and stock options. And the documents authorizing those options conveniently left the date blank, so that someone — even today, it’s not exactly clear who — could later pick the date that just happened to make the options as valuable as possible.
Keep in mind, Caremark is also under investigation for stock options abuse, one day after United Healthcare was served.
The unveiling is just beginning, and meanwhile, we’re appealing stupid decisions about our health by doctors who are without a clue.
Technorati Tags: United Healthcare, stock options, corporate accountability, SEC violations
