In the midst of corporate America's scandal du jour - the backdating of stock options to enrich company executives - the Wall Street Journal discovers that William McGuire, CEO of UnitedHealth Group, received options on dates coinciding with the company's lowest share prices of 1997, 1999, and 2000.
After a company inquiry finds backdating to have been "likely" (the odds of this happening by chance are around 1 in 200 million), McGuire steps down and agrees to give up about $200 million in proceeds.
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