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UnitedHealth Board to Reconsider Stock Awards

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From Bloomberg News

UnitedHealth Group Inc., the second-largest U.S. health-insurance provider, said its board would vote whether to stop awarding stock-based compensation to “a small number” of top executives who already have a certain share.

The change is among a number of issues that directors are expected to consider at a meeting Monday, the Minnetonka, Minn.-based UnitedHealth said.

Chief Executive William McGuire, 58, said last week that he would recommend ending stock-option grants after the Wall Street Journal reported that his own options amounted to $1.6 billion, one of the largest totals for any executive. The U.S. Securities and Exchange Commission has also made inquiries into compensation at UnitedHealth.

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