Chief executives caught in the stock options scandal may find it harder to keep their jobs now that a CEO as mighty as UnitedHealth's William McGuire has fallen. "Not only are the dominoes falling, but the dominoes are getting bigger," says Anthony Sabino, a business law professor at St. John's University in New York City. The fall of a big domino like McGuire -- who engineered UnitedHealth's rise into the nation's second-largest health insurer -- could spark the descent of others as well, Sabino said.
October 24, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Chief executives caught in the stock options scandal may find it harder to keep their jobs now that a CEO as mighty as UnitedHealth’s William McGuire has fallen.
The scandal rattling corporate America has claimed more than three dozen executives and board directors at 20 public companies so far. McGuire, whose retirement was announced Sunday, is arguably the most prominent.
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