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Mr. McGuire's announcement follows reports in The Wall Street Journal that he and some other UnitedHealth executives were granted options dated at or near the stock's yearly low points before 2002 – maximizing the executives' profit when the options were exercised later.
The revenue-maximising mechanism induces a dynamic distortion: the option is exercised later than under the comparable welfare-maximising mechanism.
ARM took a minority stake in Xstrata's South African operations, with an option it exercised later in 2006 to acquire another chunk (ARM now effectively owns 26%).
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They burned time talking about the virtues of cold pizza, whether to brush their dog's teeth, which muscle groups they'd exercise later that night.
Try to exercise later in the day.
Try not to exercise later on at night.
Jog your creativity by exercising later, getting up earlier or commuting a different way.
It is a moment of literal birth, which gave figurative birth to Blair's capacity (exercised years later) to take off cold, leaving everything -- Hollywood, her marriage, her career -- behind, for nothing more than the possibility, the prospect, of a new life unexplored.
Other exercises later in the year, involving Army and Marine forces, would also deploy American troops and equipment to the south to expand and diversify the training.
Étude, ( French: "study") in music, originally a study or technical exercise, later a complete and musically intelligible composition exploring a particular technical problem in an esthetically satisfying manner.
In a study published last year in the British Journal of Sports Medicine, people treated with ice after strenuous exercise later reported more pain upon standing than people immersed in tepid water.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com