The backdating scandals second

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Do you ever wish that you could turn back the hands of time?Some executives have, well, at least when it comes to their stock options.By settling its civil stock-option backdating case, United Health Group Inc.

The move came almost exactly a year after the SEC filed similar charges against former Apple CFO Fred Anderson and former general counsel Nancy Heinen.

SAN FRANCISCO (Market Watch) -- Steve Jobs has managed to revolutionize both the consumer electronics and entertainment industries, but the onetime wunderkind can't seem to shake the stigma of the stock-options backdating scandal that enveloped Silicon Valley in recent years.

This week, another former confidante to Jobs came under the microscope of federal regulators.

We examine market reactions to the stock options backdating scandal in a slightly unusual way, but focusing on firms who were not perceived to have had a backdating concern, but were instead linked to firms who did have a backdating concern.

These linkages can be found via board interlocks and the roles those directors perform.

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