When former UnitedHealth Group
That is a heck of a lot of zeros for a one-man payout, although it pales in comparison to the $895 million that his former company had to pay two retirement systems for the backdating scandal.
Then again, it's hard to feel sorry for McGuire, since he's benefited handsomely from all the backdated options. The settlement did require him to cancel options to buy nearly 3.7 million shares of UnitedHealth, not that the health insurer's stock has been doing so hot this year.
With its CEO ousted and the backdating scandal mostly behind it, UnitedHealth can get back to making money for shareholders. The industry has started the process with UnitedHealth, Aetna
More Foolishness on turnaround possibilities: