Friday, December 29th 2006

Apple faked files in Steve Jobs stock option scandal

For those of you who don't know about the Apple stock option scandal: Steve Jobs, in 2001, was granted 7.5 million stock options without the proper authorization of the Apple board of directors. However, it has recently come to light that the scandal is much more serious than initially thought. Someone had falsified the documents that make Steve Jobs look like he had authorization for those stock options. The Securities and Exchange Commission is weighing whether or not to take action against Apple and/or any of the individuals involved, and whether or not Steve Jobs himself could be in trouble is unclear. Steve Jobs returned all the stock options before exercising them.Source: EnGadget
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7 Comments on Apple faked files in Steve Jobs stock option scandal

I can see it now, Bill Gates laughing hysterically as he falls out of his chair from reading the headlines..
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sucks for steve
Posted on Reply
OOTay said:
sucks for steve
It doesnt "suck for steve". This is corporate robbery and, if true, the guy needs to go down. It is theft, pure and simple, and is no different in principle than robbing a bank, or stealing from an old lady, or taking computers outof your employer's office.
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Semi-Retired Folder
Apple really has gone to complete shit as a company.
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newtekie1 said:
Apple really has gone to complete shit as a company.
Newtekie - I take back all the bad things I ever said about you.
Posted on Reply
Bird of Prey
Why would Bill Gates laugh? He owns stock and some controlling interest in Apple. Unless he sold it and I dont know about it. There was a film on TNT some years back explaining it. You can even read about it online. Sad really, that Jobs would do something like this.
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