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From: RobertB 

In article ,
 "Rich Gauszka"  wrote:

> I wonder which fall guy err financial officer is going to bite the bullet
> this time?
>
> http://www.ft.com/cms/s/801e1b82-9605-11db-9976-0000779e2340.html
>
> Steve Jobs, chief executive of Apple Computer, was handed 7.5m stock options
> in 2001 without the required authorisation from the company's board of
> directors, according to people familiar with the matter.
>
> Records that purported to show a full board meeting had taken place to
> approve Mr Jobs' remuneration, as required by Apple's procedures, were later
> falsified. These are now among the pieces of evidence being weighed by the
> Securities and Exchange Commission as it decides whether to pursue a case
> against the company or any individuals over the affair, according to these
> people.
>
> News of the irregularities, which is expected to be revealed in a regulatory
> filing by Apple before the end of this week, will add to pressure that has
> been growing on one of Silicon Valley's most highly-regarded companies since
> the middle of 2005.
>
> ..
>
> An Apple spokesman refused to comment on the matter on Wednesday, but said
> the company had handed the findings of its internal enquiry to the SEC. The
> company said in October that it had found "no misconduct by any member of
> Apple's current management team" but that its investigation
"raised serious
> concerns regarding the actions of two former officers". At the
same time, it
> also announced the resignation from its board of Fred Andersen, a former
> chief financial officer. Mr Andersen had not been a director at the time of
> the 2001 options grant.

OTOH, where would Apple be without Steve?

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