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Stock options wrongdoing: where we are now?

Apr. 24th, 2007 17:44 by Permalink | TrackBack: — updated on Apr. 25th, 2007 18:43 exists for 13 years & 5 months ago — — Sorry, this content is not available in english. - Wall Street Journal.

Yersterday edition of Wall Street Journal reveals that Fred Anderson-- former CFO -- accepted a fine of 150.000$ as requested by the SEC.

Anderson accepts to pay back for 3.5 millions dollars which have been earned with backdated stock options.

Additionnaly, he does not reckognise that he made any wrongdoing

Nancy Heinen -- former Apple's General Counsel -- is accused by SEC to have backdated her own stock option plan as well as those of Steve Jobs, current CEO of Apple.

No additionnal information have been given by the SEC.

Apple stated that 6.400 stock optionswas concerned about the backdating issue and did provisioned 84M$.

Note that no charges have been settled to Steve Jobs as no wrongdoing have been made by him or anyone in the current management staff.

The SEC has officially announced it will not pursue any legal action against Apple itself.

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