Stock options of UnitedHealth CEO frozen
21500
A federal judge has temporarily  blocked outgoing UnitedHealth Group Inc.  Chief  Executive William McGuire from cashing in any of his  unexercised stock options and collecting his retirement pay.
456031
A U.S. prosecutor on Tuesday said the government likely was at least six months away from deciding whether to bring any criminal charges related to stock options practices at UnitedHealth Group Inc. .
360411
The congressional panel investigating Hewlett-Packard Co.'s boardroom spying probe has demanded that CEO Mark Hurd explain $1.37 million worth of options he exercised just before the scandal became public, two congressmen said Wednesday.
142145
delaying retirement and ready to walk away from the ALH bid &quot;if the price is wrong&quot;. Picture:Jim Rice. After delaying his retirement while he tries
94317
By Pete Carey, San Jose Mercury News, Calif.  Dec. 14--Congressional investigators are questioning Hewlett-Packard CEO  Mark Hurd's sale of stock options that gave him $1.37 million in gains, 15  days before the company's controversial boardroom-leak investigation became  public.
647609
The company talks down a recent inexplicable stock run-up.
388739
Shares for Google slip for the first time since its public offering.  Also: FDA under fire for its slow Vioxx reaction & hellip;. Yahoo and SBC stay friends through new deal & hellip;. and more.
600305
(InfoWorld) - The practice of manipulating stock options grants to make them more favorable has come back to haunt yet another round of high-tech executives. A former Monster Worldwide Inc. executive is expected to agree to a plea deal in New York Thursday, just a day after the founder of Take-Two Interactive Software Inc. pleaded guilty to a state felony related to backdating. The U.S. Attorney's Office in Manhattan would not comment specifically on a Wall Street Journal report that Monster's former general counsel, Myron Olesnyckyj, will cooperate with its investigation into stock options practices at the company. However, a spokeswoman confirmed that there will be a court proceeding Thursday related to stock options at 12:45 PM ET and the office expects to release more information afterwards. Monster declined to comment beyond releasing the following statement: "The Company terminated this individual some time ago and it is inappropriate to comment on the developments. The Company will continue to cooperate with the government in this ongoing investigation." The U.S. Securities and Exchange Commission (SEC) Wednesday said that it simultaneously filed and settled civil charges against Ryan Brant, the former CEO and chairman of Take-Two, a video and computer game publisher and distributor, which he founded. The SEC alleged that during a seven-year period, Brant enriched himself and others by granting undisclosed, "in the money" stock options to himself and to other Take-Two officers and employees. Brant did not admit or deny the allegations, the SEC said, but agreed to a settlement that bars him from serving as the officer or director of a public company. He also agreed to pay about US$6.3 million, comprised of what the SEC called "ill-gotten gains" of more than $4 million plus $1 million interest, plus a $1 million civil penalty. The settlement must still be approved in court. A Take-Two representative said only that Brant is no longer an employee, and it would not be appropriate to comment on his actions as a private individual. Meanwhile, middleware vendor BEA Systems Inc. Wednesday announced the conclusion of its stock-option review. The review won't cost any high-level executives their job, but will cost a number of them money. Several former and current executives and directors have agreed to repay the company after-tax profits they realized on mispriced options.
222196
(InfoWorld) - Apple CEO Steve Jobs has been subpoenaed by the U.S. Securities and Exchange Commission (SEC) to give a deposition in the stock option backdating lawsuit against former Apple General Counsel, Nancy Heinen. Citing two sources familiar with the case,Â Bloomberg reportsÂ that the subpoena is not part of an SEC investigation. Jobs' testimony is required as part of aÂ lawsuit brought against Heinen by the SECÂ in April 2007. Heinen is the only former Apple executive charged in the backdating scandal.Â Apple's internal investigation cleared all current executivesÂ of any wrongdoing and the SEC reached a deal with former CFO Fred Anderson in the case. Apple representatives were not immediately available to comment. The SEC says that Heinen granted 4.8 million options to six Apple executives, including herself, Anderson and CEO Steve Jobs, in February 2001. To avoid reporting an US$18.9 million compensation charge, Heinen backdated the options to January 17 when the company share price was much lower, the SEC said. She then told her staff to prepare false documents showing the board of directors had acted on that day. Later, in December 2001, the company granted 7.5 million options to Jobs. Again, Heinen avoided a $20.3 million charge by drafting minutes for a fake board meeting she said happened on Oct. 19, the SEC said. That meeting had never occurred. Heinen has maintained her innocence in the case and a statement by her lawyers said, "Nancy Heinen's integrity is unimpeachable."Apple's backdating problems started in June 2006, when the company announced thatÂ an internal probeÂ had found some irregularities in some option grants issued between 1997 and 2001. Four months later, Apple said a special committee hadÂ found irregularities in 15 of the grantsÂ made between 1999 and 2002. The internal investigation also found that Jobs was aware that favorable grant dates had been selected but didn't receive or benefit from those grants and was "unaware" of the accounting implications. In late December,Â Apple disclosed more backdating-related news,Â again clearing current executives and taking an $84 million charge on its restated earnings. Macworld is an InfoWorld affiliate.
251031
By Helen Huntley, St. Petersburg Times, Fla.  Dec. 9--Jabil Circuit's top executives did not issue themselves backdated  stock options or try to get others to issue them, according to an internal  company investigation released Friday.
492726
Four senior executives at Pegasystems Inc. got some very good news one Friday in April 2003. Directors of the Cambridge software company had awarded them a total of 240,000 stock options with an exercise price set to reflect prevailing market prices.
294610
The stock is revived, but the business remains iffy.
277943
WASHINGTON --(Business Wire)-- Oct. 13, 2004 -- The following is a statement from William T. Archey, President and CEO of AeA, in response to FASB&#39;s decision to delay implementation of the stock options expensing rule:
620349
A new biography tells you more than you may want to know about the late Hollywood star. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX.
716793
Outgoing Kmart chief executive Julian Day is getting about $90 million in stock options for his leadership at the discount chain, which emerged from bankruptcy in May.
24866
The Motley Fool - Open-source software leader Red Hat (Nasdaq: RHAT - News) reports earnings after the bell today, and analysts are expecting a doozy. With on-again-off-again reports that Oracle (Nasdaq: ORCL - News) may enter the Linux market, Red Hat's stock has certainly been volatile, but management has been quite sanguine about further competition from the database giant. Is this one huge strategic misstep or savvy thinking? Read on for my thoughts.
581644
The more stock options CEOs have, the more likely they are to take risky investments negatively affect their business.