Filed under: Apple Corporate, Apple Financial, Steve Jobs
Jobs/Pixar cleared of backdating issues
Well, it seems that all of this may blow over...at least for Steve and the Pixar execs. Late last year, Pixar, Steve's other company which he sold to Disney, was forced to take another look at some accounting actions. One of the suggested possibilities was that Pixar's John Lasseter was given a backdated stock options bonus. This past Friday, however, Disney announced that all of the accounting in question took place before Disney acquired Pixar, and that no one currently involved with the company "...engaged in any intentional or deliberate acts of misconduct."We don't know where this will all end up, but it looks like Uncle Steve is off the hook as far as Pixar is concerned.
Reader Comments (Page 1 of 1)
am said 2:17PM on 3-19-2007
Disney clearing its own execs is a long way from the gov't clearing those same execs. this is far from over. it's not clear from your post how the timing of the disney/pixar deal is relevant here. jobs was ceo of Pixar for years before that acquisition took place, including at the time of the backdating there.
apple made a similar statement a few months ago "clearing" jobs, but it is just a smokescreen. until the sec concludes its investigation, no one is "cleared" of anything.
Reply