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Apple Execs Reportedly Faked Options Documents

Posted by ScuttleMonkey on from the hands-in-the-cookie-jar dept.

theodp writes "Federal prosecutors are reportedly looking closely at stock option administration documents that were apparently falsified by Apple execs to maximize the profitability of option grants. While Apple has said CEO Steve Jobs did not profit from the stock-option backdating, Jobs has reportedly hired his own attorney to deal with the SEC and Justice Department."

8 of 172 comments (clear)

  1. Humbug... by markild · · Score: 4, Funny

    What?? Are you saying that Steve Jobs makes more than $1 a year?

    --
    Scully: Should we arrest David Copperfield?
    Mulder: Yes we should, but not for this.
    1. Re:Humbug... by Rogerborg · · Score: 4, Funny

      So he'll have to pay his lawyer with... stock options?

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      If you were blocking sigs, you wouldn't have to read this.
  2. It must be noted, though by Anonymous Coward · · Score: 5, Funny

    That like everything at Apple it was very easy to do. 3 clicks and options were faked. That's it!

    1. Re:It must be noted, though by BobNET · · Score: 5, Funny
      That like everything at Apple it was very easy to do. 3 clicks and options were faked. That's it!

      Yes, but it should be pointed out that if they weren't forced to use a one-button mouse it would have only taken one click...

    2. Re:It must be noted, though by Anonymous Coward · · Score: 2, Funny

      Yes, but it should be pointed out that if they weren't forced to use a one-button mouse it would have only taken one click...

      They would have done it in one click, but Amazon already had a patent.

  3. Re:Here we go... by figleaf · · Score: 2, Funny

    Apple uses MS Office to produce option documents.
    Someone from the government used a remote exploit to modify the option documents to entrap Apple employees.

  4. Hi, I'm a Mac... by Anonymous Coward · · Score: 5, Funny

    ... and I'm the SEC. Please get in the car.

  5. The Purpose Of Lawyers..... by IHC+Navistar · · Score: 2, Funny

    Jobs needs alot of lawyers, because each lawyer he has means more padding between him when he hits the concrete.

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