You want to see obscene CEO compensation? Here's the worst!

[LuckyLib]

CEO William McGuire of Minnesota-based United Health, is in the billion dollar category.


"A steady flow of stock options has made UnitedHealth Group Inc. Chairman and CEO William McGuire one of the nation's best-paid corporate chiefs. On Tuesday, he moved to turn off the spigot.
McGuire, who had $1.6 billion in exercisable stock options at the end of last year, said on Tuesday that he has asked his board to stop awarding new options to senior executives.

McGuire was paid $8 million last year and did not exercise any stock options. But he exercised $114.5 million in options in 2004, propelling him to the No. 3 spot on the Forbes list of best-paid CEOs. McGuire held more than $1.6 billion in unexercised options at the end of 2005, according to regulatory filings.

Executive compensation expert Alan Johnson of Johnson Associates Inc. in New York said that options can be done legally. But ethically? "It's not even a close call.''

http://www.startribune.com/535/story/377272.html



And the Board of Directors is right in line behind him!

snip:


"In the past five years, the current 10 outside directors have cashed in stock options worth $159.2 million,


The latest trade occurred two weeks ago when directors William Spears and Thomas Kean each sold 32,000 shares of UnitedHealth stock at the market price of $53.60 after paying an option price of $6.83 a share. Both netted nearly $1.5 million.


Richard Burke, a former CEO of a predecessor company to UnitedHealth, sold options totaling $55.8 million."

http://www.startribune.com/535/story/381464.html


And those Americans without health insurance? Let them eat cake!

[leftofthedial]

1. these capitalist bastards are parasites

and should be excised from our society.

[Blue_Tires]

3. +1

[Jayhawk Lib]

5. The people he works for think he is worth that.

I wish my bosses though I was worth just half that much. But they don't so I guess I will just have to envy the gentleman.

[Commie Pinko Dirtbag]

6. Well, they're wrong. -nt

[Jayhawk Lib]

7. Well??? How much

should the CEO make??

[frit006]

2. One person doesn't need to make that much

no wonder your insurance is going up

[AlamoDemoc]

4. Here's a Shocker ....

chief executive of Capital One Financial Richard Fairbank was the top earner in 2005. Fairbank's $249.3 million in total pay came almost entirely from exercised stock options.

As the Capital One commercial sais..."What's in your wallet"