Submission + - Apple witohut Jobs?
CDPatten writes: The internet is
buzzing with
speculation that Steve Jobs may step down over reports that he profited $7.5
million in stock options by falsifying an executive board meeting. The financial
times has a good
overview of the unfolding story.
From the Article:
"Steve Jobs, chief executive of Apple Computer, was handed 7.5m stock options in 2001 without the required authorization from the company's board of directors, according to people familiar with the matter.
Records that purported to show a full board meeting had taken place to approve Mr Jobs' remuneration, as required by Apple's procedures, were later falsified. These are now among the pieces of evidence being weighed by the Securities and Exchange Commission as it decides whether to pursue a case against the company or any individuals over the affair, according to these people."
From the Article:
"Steve Jobs, chief executive of Apple Computer, was handed 7.5m stock options in 2001 without the required authorization from the company's board of directors, according to people familiar with the matter.
Records that purported to show a full board meeting had taken place to approve Mr Jobs' remuneration, as required by Apple's procedures, were later falsified. These are now among the pieces of evidence being weighed by the Securities and Exchange Commission as it decides whether to pursue a case against the company or any individuals over the affair, according to these people."
