May 3, 2007

THE APPLE OPTIONS SCANDAL seems to be continuing: “Apple Inc.’s board of directors, a star-studded group that features the likes of former Vice President Al Gore and Google CEO Eric Schmidt, is coming under fire for its handling of backdated stock options at the famed computer-maker, including those handed out to its chief executive, Steve Jobs. Apple’s former Chief Financial Officer Fred Anderson caused an uproar last week when he released a statement saying he had cautioned Jobs in 2001 about the accounting implications related to a particular options grant. In the same breath, Anderson questioned the conduct of Apple’s board of directors regarding options backdating.”

Comments are closed.
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.