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Latest Business News

UnitedHealth Says It's Reformed

Monday, May 28, 2007 11:44:46 PM
By JOSHUA FREED

MINNEAPOLIS (AP) - Last May, UnitedHealth held its annual meeting in a wide spot in a hallway at its leafy suburban campus. Chairman and Chief Executive William McGuire apologized to about 100 shareholders for a stock options scandal that wasn't yet at a full boil.

This year McGuire is gone but the Securities and Exchange Commission investigation isn't, and Tuesday's annual meeting is moving to the Minneapolis Convention Center.

One proposal seeks an advisory vote for shareholders on executive compensation. Another, from the California public pension system, would allow shareholders who own more than 3 percent of UnitedHealth Group Inc. shares to put up director candidates. UnitedHealth opposes all shareholders proposals that have been put forth.


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