Apple Announces More Options Troubles 159
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."
Steve Jobs leading Apple (Score:2, Interesting)
I mean, if he has leave, he's just going to come up with something bright and new (not "NeXT" this time, I vote for "TheOneAfter"), which is then going to be bought by Apple after a few years... :-)
Re:Steve Jobs leading Apple (Score:3, Interesting)
His milking of the Mac for all its worth. Then he'll have to move on to the next big thing.
"...whether or not Steve Jobs will be able to..."? (Score:5, Interesting)
"Apple said in June that one of the stock option grants was to chief executive Steve Jobs, but it was subsequently canceled and resulted in no financial gain to Jobs."
So why is there some statement quoted questioning the continued status of Jobs as CEO?
Seems like someone is playing fast and loose with the article.
Re:Steve Jobs leading Apple (Score:3, Interesting)
-Tony
Nancy Heinen (Score:3, Interesting)