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."

Comments

Schadenfreude

[kahei]

'Schadenfreude' is a good example of a word so useful -- and more than that, so compelling -- that it gets borrowed from language to language even though it's really hard to spell. Interestingly, this oft-discussed word sometimes retains its German capitalization even when used in English.

I'd hazard a guess that the second half of the word is from proto-Germanic 'fro', 'happiness'. The first half, I believe, is related to English 'scathed' (usually found in 'unscathed') via Middle German 'schade'.

A wonderful word and a much needed label for something we all, at times, are tempted to indulge in. Let's hear it for the word 'schadenfreude'!

M$ is teh sUck

[Anonymous Coward]

The U.S. Securities and Exchange Commission are such M$ fanboys, only logical explanation.

That's what Ken Lay said...

[iceperson]

nt