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echo: osdebate
to: RobertB
from: mike
date: 2006-12-30 15:54:46
subject: Re: Uh Oh - Apple `falsified` files on Jobs` options

From: mike 


http://www.law.com/jsp/article.jsp?id=1147338329872

General Counsel in May.

 /m

On Sat, 30 Dec 2006 14:16:13 -0500, RobertB  wrote:

>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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