UnitedHealth Board to Reconsider Stock Awards
From Bloomberg News
UnitedHealth Group Inc., the second-largest U.S. health-insurance provider, said its board would vote whether to stop awarding stock-based compensation to “a small number” of top executives who already have a certain share.
The change is among a number of issues that directors are expected to consider at a meeting Monday, the Minnetonka, Minn.-based UnitedHealth said.
Chief Executive William McGuire, 58, said last week that he would recommend ending stock-option grants after the Wall Street Journal reported that his own options amounted to $1.6 billion, one of the largest totals for any executive. The U.S. Securities and Exchange Commission has also made inquiries into compensation at UnitedHealth.
