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+--- Thread: Financial Times: Fred Anderson warned Steve Jobs against backdating stock options (/showthread.php?tid=32104)
Financial Times: Fred Anderson warned Steve Jobs against backdating stock options - Jp! - 04-25-2007
http://www.ft.com/cms/s/60044b90-f28b-11db-a454-000b5df10621.html
Re: Financial Times: Fred Anderson warned Steve Jobs against backdating stock options - spearmint - 04-25-2007
SEC is handling this with kid gloves. Apple cheated the stockholders and the hammer should come down. A lot of Apple stockholders here should be enraged. Cooking the Books for the benefit of top management and at the detriment of people who thought enough of the company to invest their money in them. Lousy.
Re: Financial Times: Fred Anderson warned Steve Jobs against backdating stock options - Silencio - 04-25-2007
Look at Apple's stock price in 2001. Look at Apple's stock price today. Don't forget to take into account the stock split.
Why should I be angry again?
So Jobs told Anderson that the Board approved everything. Since the SEC hasn't gone after Jobs, that leads me to believe that Nancy Heinen lied to Jobs about the Board meeting that didn't happen, and Jobs unknowingly passed that falsified information on to Anderson.
But I guess we'll find out more when Heinen stands trial.
Re: Financial Times: Fred Anderson warned Steve Jobs against backdating stock options - Article Accelerator - 04-25-2007
http://www.macworld.com/news/2007/04/24/heinen/index.php
"... She then told her staff to prepare false documents showing the board of directors had acted on that day. Anderson colluded by failing to the disclose those actions to Apple’s auditors, or ensuring that Apple’s financial statements were correct, the SEC said.
"Later, in December 2001, the company granted 7.5 million options to Jobs. Again, Heinen avoided a $20.3 million charge by drafting minutes for a fake board meeting she said happened on Oct. 19, the SEC said. That meeting had never occurred."
Jobs appears to be in the clear.
Re: Financial Times: Fred Anderson warned Steve Jobs against backdating stock options - spearmint - 04-25-2007
[quote Article Accelerator]http://www.macworld.com/news/2007/04/24/heinen/index.php
"... She then told her staff to prepare false documents showing the board of directors had acted on that day. Anderson colluded by failing to the disclose those actions to Apple’s auditors, or ensuring that Apple’s financial statements were correct, the SEC said.
"Later, in December 2001, the company granted 7.5 million options to Jobs. Again, Heinen avoided a $20.3 million charge by drafting minutes for a fake board meeting she said happened on Oct. 19, the SEC said. That meeting had never occurred."
Jobs appears to be in the clear.
In the clear? Somebody hands you a billion dollars and you don't think about it?
Re: Financial Times: Fred Anderson warned Steve Jobs against backdating stock options - Article Accelerator - 04-26-2007
Huh?