The options timing scandals that have forced scores of companies to restate earnings in recent months has claimed probably its biggest name. UnitedHealth Group CEO William McGuire was forced out by the board and had his options holdings reduced, reports the New York Times.

The board took the action after an investigation by powerhouse Washington law firm Wilmer Pickering Cutler Hale & Dorr concluded the company had “poor controls and conflicts of interest.” The report found the company had backdated options to maximize employees’ compensation. McGuire had the dubious distinction of being the big name the Wall Street Journal targeted, which got all the investigations going.

The board decided to reprice options from the lowest to the highest annual price but did not calculate the hit to individual executives. Executives at several companies have already been forced to resign but McGuire is the biggest of a recent spate of senior executives that have been shown the door in the wake of options scandals. Funnily enough really powerful and successful executives like Steve Jobs seem to escape on the grounds they didn’t think up the timing thing.