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echo: osdebate
to: Mike
from: Robertb
date: 2006-12-30 14:16:00
subject: Re: Uh Oh - Apple `falsified` files on Jobs` options

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From: RobertB 

In article ,
 mike  wrote:

> Didn't the CFO and corporate counsel already resign?

I think the CFO did about a month back.

>
>
>
> On Wed, 27 Dec 2006 22:32:15 -0500, "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.
> >

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