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Backdating encompasses a broad scope of conduct ranging from blatant fraud to the legitimate and common practice of executing a document after the event has already occurred.This article provides a brief overview of how to distinguish legitimate backdating from improper backdating.Here, the event occurs before the document evidencing it can be executed, and the document simply memorializes the earlier event.

Mc Guire remained as chief executive officer through December 1, and was succeeded by Stephen Hemsley (then president and chief operating officer, and a member of the board of directors).The backdating was approved by the board of directors, according to the Journal.Several shareholder classes filed lawsuits accusing former United Health's directors of failing in their fiduciary duty to properly notify shareholders of the scheme.When Mc Guire joined United, it was an unprofitable regional health maintenance organization with annual revenues around 0 million.When he left, United was one of the largest, most profitable, and most diversified healthcare companies in the world, with more than billion in annual revenues, more than 50,000 employees, and more than sixty million health plan members.

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Mc Guire joined United Healthcare in November 1988 as an executive vice president when the Peak Health Plan, of which he was then president and chief operating officer, was acquired by United.

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