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Apple Investigated Over Stock Options

Posted by ryuzaki0 on from the slight-of-hands dept.

blamanj writes "Apple has joined the list of over fifty companies (most in Silicon Valley) that possibly mishandled stock options by backdating them. The technique is not illegal, but it can cause a company to improperly deduct employee compensation expenses and result in an underpayment of taxes. So far, Apple is conducting the investigation itself, but it has notified the SEC."

6 of 88 comments (clear)

  1. So by Eightyford · · Score: 4, Insightful

    Boring....

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  2. Holy misleading headling, batman by MustardMan · · Score: 5, Funny

    Slashdot headline creation in a nutshell...

    MustardMan decides to take his dog to the vet to check for diseases.

    Slashdot headline: MustardMan's dog being investigated for deadly pathogens!

  3. CORRECTION. by jcr · · Score: 4, Informative

    This headline is complete BS. Apple's own internal auditors found something that might be an issue, and Apple reported it to the SEC themselves.

    -jcr

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  4. Re:I'm investigating myself. by Otter · · Score: 4, Informative
    It's not (at the moment) illegal per se. It does lead to accounting, disclosure and tax improprieties if it's not reported.

    In any case, the self-investigation does seem strange -- how could the company not know if it had been done? If they really don't know, I'd say that's an issue in itself.

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  5. Bizarre article by Infonaut · · Score: 4, Insightful

    Apple is one of 57 companies being investigated. Who are the other 56 companies? No links, no nothing.

    Stock options in the Valley are definitely a problem, and if Apple screwed up, they deserve whatever they get. However, they did inform the SEC, so it seems a bit early to get out the stakes and holy water.

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  6. I am sorry, but this article in no way by geekoid · · Score: 4, Insightful

    deserves to be on slashdot.

    what next, a deep look inside Apples accounting practices? Followed by an investigative report on which urinal cakes Apple uses?

    None of that is News for Nerds, or stuff that matter..

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