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backdating posts

Filed under: Apple Corporate, Apple Financial, Steve Jobs, Bad Apple, Apple

Steve Jobs subpoenaed by SEC

by Scott McNulty (RSS feed) on Sep 20th, 2007

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]

Tags: apple, backdating, sec, steve jobs, steve-jobs, SteveJobs

Filed under: Apple Corporate, Apple Financial, Steve Jobs, Bad Apple, Apple

Fred Andersen pays fine, says he didn't do it

by Scott McNulty (RSS feed) on Apr 24th, 2007

We've already mentioned that Fred Andersen has agree to pay $3.5 million in fines to SEC in regards to the Apple backdating scandal. However, he is not going quietly into that good night. Mr. Andersen has released a statement (requires a WSJ subscription) which emphasizes that he admits no wrong doing. He goes on to claim that he warned Steve Jobs that if this compensation business wasn't handled correctly there could be some fallout. Jobs assured Fred that it was all on the up and up.

I don't think this story will be going away any time soon.

Tags: backdating, fred andersen, FredAndersen, scandal, steve jobs, SteveJobs, wsj

Filed under: Apple Corporate, Apple Financial, Steve Jobs

Jobs and Apple not out of the Options scandal woods yet

by Scott McNulty (RSS feed) on Jan 2nd, 2007

The Wall Street Journal has the best summary (subscription maybe required) of the Apple options backdating scandal that I have read to date. They take a look at Apple's filings and point that that Steve 'recommended the selection of some favorable grant dates,' though he was not involved in the improper backdating of options which he was granted. The WSJ also talks to a number of experts about what this could mean for Apple and everyone's favorite iCEO.

I also found out, thanks to this article, that some options that Pixar granted to employees are also under investigation. Steve didn't receive any of those, but they were all granted while he was CEO of Pixar.

Remember folks, just because Apple's internal investigation says that His Steveness has done nothing wrong that doesn't mean that the Feds aren't going to take a look for themselves. This story is far from over.

[via Blogging Stocks]

Tags: apple, backdating, options, pixar, steve jobs, SteveJobs

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