Another United scandal
United Healthcare CEO and others in the company appear to be in more hot water. The Wall Street Journal had a follow-up story Monday April 17th about the questionable stock options the CEO and others have been taking.
It appears as if they somehow take their stock options at a time when the stocks are at their lowest or have recently plummeted. This has been consistently occurring since the 1990’s. The SEC is examining the pattern of these options and subsequent trades.
Spokesmen for the Company have called the practices “appropriate”. The question remains; “appropriate for whom?”
If stock options are granted, they should be on defined dates during the year and the optioned stocks taken at the value for that day. Being able to choose the low values and then subsequently being able to sell at the higher values is cheating and unfair. But this has been occurring on a regular pattern according the WSJ.
I hope the SEC finds they have broken the rules and slaps a huge fine or jail time on the crooks. This pattern, as defined clearly in the WSJ, is far worse than the Martha Stewart scandal. Why should they be protected?
There could be a huge healthcare savings if corporate profits were regulated as tightly as others in the medical profession.
It appears as if they somehow take their stock options at a time when the stocks are at their lowest or have recently plummeted. This has been consistently occurring since the 1990’s. The SEC is examining the pattern of these options and subsequent trades.
Spokesmen for the Company have called the practices “appropriate”. The question remains; “appropriate for whom?”
If stock options are granted, they should be on defined dates during the year and the optioned stocks taken at the value for that day. Being able to choose the low values and then subsequently being able to sell at the higher values is cheating and unfair. But this has been occurring on a regular pattern according the WSJ.
I hope the SEC finds they have broken the rules and slaps a huge fine or jail time on the crooks. This pattern, as defined clearly in the WSJ, is far worse than the Martha Stewart scandal. Why should they be protected?
There could be a huge healthcare savings if corporate profits were regulated as tightly as others in the medical profession.
Forecast for FLOYDS KNOBS, IN (on a scale of 1-12):
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posted by Anonymous at 6:24 AM
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