United Health Group is one of many companies that became the target of investigations by federal prosecutors and the U. Securities and Exchange Commission over alleged stock options backdating.
Last week, federal judge threw out a criminal backdating complaint -- and a guilty plea -- relating to backdating allegations against Broadcom executives.
You're not going to see a dime until you've been put on hold for 30 minutes, faxed the paperwork twice to somebody in Minnetonka, Minn., and demanded to talk to a supervisor.
So imagine my surprise when I read this week about the loosey-goosey process United Health used to issue billions of dollars' worth of stock options to top executives over the past few years.
The company told the Star Tribune this week that the board of directors had to approve the selected dates and that the practice was halted in 2005.
Still, some securities lawyers say, such practices may violate securities laws, because they allow insiders to benefit from knowledge not available to other shareholders.