Steve Jobs subpoenaed by SEC

Remember that whole stock backdating scandal that was threatening to throw a wrench into the unstoppable train that is Apple? Yeah, Apple would prefer you forget about it too, but the SEC (that's the Securities and Exchange Commission) hasn't. They have subpoenaed Steve Jobs to testify in relation to a trail involving Nancy Heinan, Apple's former General Counsel (we covered her involvement here).

Keep in mind that no charges are being brought up against Steve, but whenever the CEO of a publicly traded company is brought in front of the SEC it is big news.

[via Macuser]

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Source: http://www.reuters.com/article/governmentFilingsNews/idUSN20…

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Remember that whole stock backdating scandal that was threatening to throw a wrench into the unstoppable train that is Apple? Yeah, Apple...

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kubi

The SEC has boats?

September 20 2007 at 11:15 PM Report abuse Permalink rate up rate down Reply

Simon Arch

This is typical, and completely unsurprising in investigations like these. It's almost a non-event. If it were anyone else in any other company, it'd pass by almost unremarked upon. But since it's the Almighty Steve... :)

September 20 2007 at 3:05 PM Report abuse Permalink rate up rate down Reply

Billy K

The SEC members want their $100 iPhone credit, and they want it NOW.

September 20 2007 at 2:35 PM Report abuse Permalink rate up rate down Reply