UnitedHealth CEO William McGuire's political donations
Records show McGuire and wife gave exclusively to GOP candidates
by Leigh Pomeroy
Dr. William McGuire, long-time CEO of UnitedHealth, headquartered in Minnetonka, Minnesota, will retire under pressure by December 1, 2006, following an investigation of the backdating of the company's stock options. According to MPR, "McGuire is one of the country's highest paid executives, having amassed nearly $1.8 billion in unexercised stock options, according to estimates cited in the Wall Street Journal."
Minnesota Monitor has looked into Dr. McGuire's family political contributions. According to opensecrets.org, in the 2006 political cycle all of his and his wife's contributions have gone exclusively to Republican candidates or the UnitedHealth Group PAC. Recipients have included Rep. Mark Kennedy, who is running for the U.S. Senate in Minnesota ($8,400); Minnesota Sen. Norm Coleman ($8,000); Thomas Kean, Jr., who is running for the U.S. Senate in New Jersey ($4,000); and Sen. Mitch McConnell of Kentucky ($2,000).
In the 2006 cycle, the McGuires gave a total of $10,000 to the UnitedHealth Group PAC. In the same cycle the UHG PAC doled out $221,500 to federal candidates, 63% of whom were Republicans and 37% Democrats. Minnesota congressional delegation recipients included Republicans Jim Ramstad ($5,000), John Kline ($4,000), Mark Kennedy ($2,000) and Gil Gutknecht ($2,000), and Democrat Collin Peterson ($4,000).
The total UnitedHealth Group PAC expenditures in the cycle came to $615,377, which included donations to other PACS, political party campaign committees, and state and local candidates. The largest recipients of the UnitedHealth Group PAC's largess were the National Republican Congressional Committee ($30,000), National Republican Senatorial Committee ($30,000), Democratic Senatorial Campaign Committee ($30,000) and Democratic Congressional Campaign Committee ($15,000).
Other PACs receiving top dollars from the UHG PAC included House Speaker Dennis Hastert's (R-IL) Keep Our Majority PAC ($10,000), Sen. Coleman's NorthStar Leadership PAC ($10,000), Sen. Bill Frist's (R-TN) Volunteer PAC ($10,000), and Rep. Nancy L. Johnson's (R-CT) Leadership Encouraging Excellence PAC ($10,000). All four PACs support Republican candidates.
by Leigh Pomeroy
Dr. William McGuire, long-time CEO of UnitedHealth, headquartered in Minnetonka, Minnesota, will retire under pressure by December 1, 2006, following an investigation of the backdating of the company's stock options. According to MPR, "McGuire is one of the country's highest paid executives, having amassed nearly $1.8 billion in unexercised stock options, according to estimates cited in the Wall Street Journal."
Minnesota Monitor has looked into Dr. McGuire's family political contributions. According to opensecrets.org, in the 2006 political cycle all of his and his wife's contributions have gone exclusively to Republican candidates or the UnitedHealth Group PAC. Recipients have included Rep. Mark Kennedy, who is running for the U.S. Senate in Minnesota ($8,400); Minnesota Sen. Norm Coleman ($8,000); Thomas Kean, Jr., who is running for the U.S. Senate in New Jersey ($4,000); and Sen. Mitch McConnell of Kentucky ($2,000).
In the 2006 cycle, the McGuires gave a total of $10,000 to the UnitedHealth Group PAC. In the same cycle the UHG PAC doled out $221,500 to federal candidates, 63% of whom were Republicans and 37% Democrats. Minnesota congressional delegation recipients included Republicans Jim Ramstad ($5,000), John Kline ($4,000), Mark Kennedy ($2,000) and Gil Gutknecht ($2,000), and Democrat Collin Peterson ($4,000).
The total UnitedHealth Group PAC expenditures in the cycle came to $615,377, which included donations to other PACS, political party campaign committees, and state and local candidates. The largest recipients of the UnitedHealth Group PAC's largess were the National Republican Congressional Committee ($30,000), National Republican Senatorial Committee ($30,000), Democratic Senatorial Campaign Committee ($30,000) and Democratic Congressional Campaign Committee ($15,000).
Other PACs receiving top dollars from the UHG PAC included House Speaker Dennis Hastert's (R-IL) Keep Our Majority PAC ($10,000), Sen. Coleman's NorthStar Leadership PAC ($10,000), Sen. Bill Frist's (R-TN) Volunteer PAC ($10,000), and Rep. Nancy L. Johnson's (R-CT) Leadership Encouraging Excellence PAC ($10,000). All four PACs support Republican candidates.
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