Steve Friedman Notes Blocking Exit Packages May Snowball

"Judge Puts on Hold McGuire's Exit Pay From UnitedHealth," The Wall Street Journal

In this article discussing the unusual injunction placed upon the exit of UnitedHealth's departing CEO Dr. William McGuire, Littler's Steve Friedman expertly notes that the ruling may encourage aggrieved shareholders elsewhere to try to block unjustified exit packages. It "could have a snowball effect," said Friedman. To the extent investors vigorously pursue these court orders, "boards will feel like they have to go along with them just so they don't seem like they're in collusion with the [exiting] executive," he added.

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