Where Grandma's money goes.

AuthorPeters, Charles
PositionTILTING at windmills

I had previously voiced my concern that the A-ARP, which began its life as a tool of one insurance company, has come full circle and is now in bed with another, UnitedHealth. If you assume that company is devoted to the interests of AARP members, consider the case of William W. McGuire, UnitedHealth's chief executive until very recently. He has been found guilty of backdating stock options by the SEC. Investigators discovered a curious coincidence between the dates on the options and the dates the stock value was low. The result, of course, was that the value of the options was much greater than what it would have been had McGuire not fiddled with the...

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