Steve jobs apple options backdating who is sierra mccormick dating
13-Mar-2021 00:59
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The company says that 15 stock option grants during that time period appear to have been backdated, but that no members of Apple's "current management team" engaged in any misconduct around the options.
However, Apple says there are "serious concerns" surrounding actions taken by two former officers in connection to the problems.
Ultimately, the Apple stock-backdating scandal did not get pinned on Jobs.
In the aftermath, Apple spokesman Steve Dowling said: “Following an exhaustive independent investigation, the special committee found no misconduct by Steve Jobs or any other current management.
One of those two may be former CFO Fred Anderson, who served from 1996 to 2004, and whose resignation from Apple's Board of Directors was announced today.
Jobs issued an apology to Apple shareholders and employees, saying that the problems "which happend on my watch" are "completely out of character for Apple." He added that the company "will now work to resolve the remaining issues as quickly as possible and to put the proper remedial measures in place to ensure that this never happens again." Apple is not the only company to be busted for backdating stock options.
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Jobs in October 2001, at an exercise price of .30 a share.
The board has expressed complete confidence in Steve and senior management.” But the incident did affect how the public viewed Jobs.
