Sharper Claws for Recovering Executive Pay

The New York Times
Gretchen Morgenson
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INVESTORS everywhere should applaud the deal struck last week by the UnitedHealth Group to recover nearly $1 billion in pay from former executives involved in the company’s option backdating mess.

Not only is the number big and round — by far the largest giveback by corporate executives ever — but the recovery sets a standard of behavior for other companies and boards when performance pay is later shown to have been based on ephemeral earnings.

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