Embattled UnitedHealth CEO William McGuire said he doesn't think his $1.6 billion stock option package hurt either customers or patients. McGuire told reporters on Sunday that his compensation package did not come at the expense of affordable healthcare. UnitedHealth shareholders are scheduled to vote for the company's directors at its annual meeting Tuesday. A number of critics have called on shareholders not to re-elect those responsible for McGuire's package.
Earlier today McGuire gave a talk to a group of business journalists, defending the propriety of the arrangement. McGuire said, "The real scrutiny should address those situations where . . . executives are handsomely paid even when the shareholders are not."
- read this article from The Washington Post