Saturday, December 02, 2006

An unusual decision..

but one that may help prevent departing CEOs from taking advantage of stockholders. A federal judge ruled that Mr. McGuire, ex-CEO of United Health, cannot exercise his severance benefits until a United Health committee decides whether the company has any claims against him. Demonstrating that he is a somewhat unusual CEO (or so wealthy that he doesn't need the money) McGuire supported the plaintiff's motion.

No comments: