A job for Jobs?
“Apple Computer Inc. on Friday cleared Chief Executive Steve Jobs of wrongdoing regarding its improper handling of stock options, but new details from an internal investigation only fueled controversy.
The company revealed that Jobs “was aware or recommended” the selection of favorable dates for stock options awarded to other executives, although he didn’t personally profit or “appreciate the accounting implications” of the practice, according to a filing with the Securities and Exchange Commission. Previously, the Cupertino, Calif.-based technology giant said only that Jobs had been aware of the backdating but didn’t personally benefit from it.”
Apple report fails to end stock-option controvesy [sic] - Los Angeles Times
I’ve avoided touching on the subject because, well, I’ll seem too contrary but, frankly - guilty as charged. Now, when will the media and public opinion not drive the Justice Department and SEC? That’s an even more interesting question…
By the way, I’m not sure how “controvesy” made it past their editors… *sighs* They type like me. I, on the other hand, use a spell check.
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