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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But his winning lottery ticket was destroyed by lightning, so it all evens out in the end... |  See the video, test your Dumbest knowledge, and check out our 'Sex, drugs, and celebrities' gallery. (more)  Business 2.0's Adam Horowitz and comedian Mo Rocca ponder the stupidity of this tactless treatment of fired workers. (more)  |
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