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The SEC Is Getting Closer To Jobs

Posted by kdawson on from the bigger-fish dept.

Strudelkugel writes "CNN is reporting that Apple's ex-CFO warned Steve Jobs about backdating options. From the article: 'Apple's former finance chief Fred Anderson blamed Apple CEO Steve Jobs for a 2001 stock option grant that was backdated, according to a statement from Anderson's lawyer released Tuesday. The statement was released by Anderson's lawyer, Jerome Roth, after Anderson settled with the Securities and Exchange Commission related to Apple's stock option plan without admitting or denying any wrongdoing.' This is serious business. It is quite possible that the SEC could someday require Jobs to resign from Apple."

2 of 154 comments (clear)

  1. Maybe ... by PPH · · Score: 5, Funny

    ...Jobs can just claim that the backdating was the result of a really badly screwed up DST patch.

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  2. Re:More Likely than Resignation by Tickletaint · · Score: 5, Funny

    "No, Your Honor, I guess I just see things differently."

    "I'm a misfit. A rebel. A troublemaker. I admit it."

    "I'm not fond of rules. And I have no respect for the status quo."

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