Apple Investigated Over Stock Options

blamanj writes "Apple has joined the list of over fifty companies (most in Silicon Valley) that possibly mishandled stock options by backdating them. The technique is not illegal, but it can cause a company to improperly deduct employee compensation expenses and result in an underpayment of taxes. So far, Apple is conducting the investigation itself, but it has notified the SEC."

So

[Eightyford]

Boring....

I'm investigating myself.

[crazyjeremy]

So, Apple investigates itself over something that isn't exactly illegal?

Sad

[Anonymous Coward]

$1 salary ... plus tens of millions in backdated stock options. How altruistic.

Kind of like Buffett supporting a 50% inheritance tax and then leaving his children $Billions in tax sheltered trusts. Pathetic.

Bizarre article

[Infonaut]

Apple is one of 57 companies being investigated. Who are the other 56 companies? No links, no nothing.

Stock options in the Valley are definitely a problem, and if Apple screwed up, they deserve whatever they get. However, they did inform the SEC, so it seems a bit early to get out the stakes and holy water.

Re:Bizarre article

[Anonymous Coward]

No kidding.. and why not give one of those other 57 companies the headline, why focus on Apple?

More and more, Slashdot is sucking every day. Compared to other sites, its news is late, it has misleading titles and reports things that are really uninteresting.

Was it always this way, or have I just moved on. Dunno.

I am sorry, but this article in no way

[geekoid]

deserves to be on slashdot.

what next, a deep look inside Apples accounting practices? Followed by an investigative report on which urinal cakes Apple uses?

None of that is News for Nerds, or stuff that matter..

Re:I am sorry, but this article in no way

[The Bungi]

Unless it was Microsoft, of course. But Apple doesn't "deserve it", I guess? Funny how that works around here.

Re:I am sorry, but this article in no way

[corbettw]

what next, a deep look inside Apples accounting practices?...None of that is News for Nerds, or stuff that matter..

So what, you don't think there are nerds in accounting? You might want to swing by there one day during lunch, you'd be amazed.

from the slight-of-hands dept.

[PavementPizza]

And you know what they say about a cowboy with slight hands, don't you?

Sigh...a six-word subtitle, and it contains a typo. (It's sleight. sleight of hand, not slight of hand.)

Apple == Boring

[OverlordQ]

You know, I'd put my entire Karma on the line to say that if this was M$, instead of "Yawn, is this news?" posts, this entire story would be "M$ Anti-trust! Evil! Screwing their workers!" posts.

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