Pension fund claims evidence against Jobs & Co in Apple backdating scandal

Discussion in 'Wall St. News' started by archon, Apr 25, 2008.

  1. archon

    archon

    http://www.tgdaily.com/content/view/37119/118/

    Pension fund claims evidence against Jobs & Co in Apple backdating scandal

    Business and Law
    By Christian Zibreg

    Thursday, April 24, 2008 15:09
    Cupertino (CA) – FindLaw.com today published an article that shines the spotlight on Apple’s stock option backdating game once again. The website reports that nine Apple executives, including CEO Steve Jobs, are summoned to appear before court in connection with stock options accounting practices. The Boston Retirement Board claims new evidence indicates that the executives wasted more than $105 million of the extra value of backdated stock options granted to Steve Jobs...