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Apple Announces More Options Troubles
fremen writes "Apple today announced that they will be withdrawing their financial reports back to September 29, 2002 and delaying the filing of future reports after finding more backdated options problems. Companies backdate their stock options by looking back over a period of time and choosing a historical low as the option strike price. While not illegal, this must be fully disclosed to investors and properly accounted. Expect more uncertainty in the coming weeks as regulators must now uncover how much of Apple's record profits were incorrect as well as whether or not Steve Jobs will be able to continue leading the company."
What could stop him in the long run?
His milking of the Mac for all its worth. Then he'll have to move on to the next big thing.
The only mention in the article of Jobs is:
"Apple said in June that one of the stock option grants was to chief executive Steve Jobs, but it was subsequently canceled and resulted in no financial gain to Jobs."
So why is there some statement quoted questioning the continued status of Jobs as CEO?
Seems like someone is playing fast and loose with the article.
Some days it's just not worth
chewing through my restraints.