A huge restatement from UnitedHealth Group Inc. (NYSE:UNH
) may be required to account for the suspect stock options. What is really needed is a new board.
This one is completely incompetent and does not deserve anyone's trust. This may be achieved through a takeover. Lets see now... if we remove the board and several senior executives, what is the underlying value of the business after some ridiculous legal costs? Wonder if the directors' liability insurance is still in force?
UNH 1-yr chart:
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