The SEC Is Getting Closer To Jobs

Posted by kdawson on Tuesday April 24, 2007 @09:52AM 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."

1 of 154 comments (clear)

Min score:

Reason:

Sort:

Re:jobs probably won't be fired by tlhIngan · 2007-04-24 11:04 · Score: 0, Redundant

Jobs probably won't be forced to quit by the SEC.

It would be a very bad day for Apple investors if Jobs is forced to resign - honestly, he's done a lot for revitalizing Apple in the last 10 years he's been around (iMac practically saved the company, and iPods are doing relatively well). It's hard to argue that public interest is served by firing Jobs and hiring some other person in his place (everyone else who tried has failed).