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Laboratory Industry Report

UnitedHealth CEO Resigns Over Stock Options Scandal
November 2006

Just as UnitedHealth was getting its laboratory services squared away, the company’s stock options scandal has led to the resignation of its longtime chairman and CEO. William McGuire agreed to leave the company after the release of a report that found he likely received backdated stock options. At the end of 2005, McGuire’s stock options were valued at approximately $1.5 billion.

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