10/5/2006

Steve Jobs knew about options backdating

Filed under: — By Aviran Mordo @ 4:47 pm

Apple Computer has concluded an internal investigation into backdated stock options and found that while CEO Steve Jobs was aware of the practice, he did not personally benefit from it. Over the summer, we learned that Apple had engaged in backdating and springloading stock options in an attempt to increase the value of stock option grants. Such practices are frowned upon by the Securities and Exchange Commission.

Source: arstechnica

 

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