Even after settling derivative and SEC lawsuits against himself for $420 million, former UnitedHealth CEO Bill McGuire has had around $600 million worth of options frozen by a federal judge in Minneapolis.

The court froze McGuire's options because of a pending class-action securities-fraud lawsuit pending against him and the company.  Basically the court justified this in its brief on the basis of "meh... he can afford it!"

Calpers also satisfies the public interest and equitable balance [preliminary injunction] factors. There is no clearer evidence of the public’s interest in this case than the Senate’s scrutiny of McGuire’s retirement package. Moreover, given that the median income for a family of four in Minnesota in 2006 was $81,477 a year (U.S. Census Bureau), McGuire should manage to survive in Minnesota on his present fortune (estimated at $500 million) without an additional $606 million (after tax) between now and trial in July 2008. Equity clearly favors the shareholders McGuire defrauded under the circumstances.

Judge James Rosenbaum agreed: 

Words such as “huge,” “fantastic,” “astounding,” “staggering,” or “astronomical,” do not describe $1 billion. Such a sum can only be thought of as “transcendent,” or in terms of the gross national product of smaller members of the United Nations.

Remind me not to make $1 billion!