Wall street journal options backdating

Consumers adore him for liberating them from the tyranny of expensive CDs and crappy radio.

Creative types love Jobs for creating the i Mac, a hipper alternative to the blocky PC.

More likely, though, he's been saved by his special status.

Jobs is Michael Jordan in the 1990s, Citigroup in the 1980s, Walter Cronkite in the 1960s.

As Jack Shafer noted in 2005, even the press loves Jobs.

Nobody—no board member, or analyst, or hedge-fund manager, or columnist—will step up to say that Jobs should go.

But it could lead to a false disclosure, which may, in turn, violate federal securities laws.

Company stock option plans are on file with the SEC, with a description of how the strike prices are calculated.

wall street journal options backdating-87wall street journal options backdating-84wall street journal options backdating-21

Stockholders and analysts love him for delivering stunning returns.have led to the resignation of dozens of top executives and investigations by the Securities and Exchange Commission and federal prosecutors. 29, Apple discussed the report and accounted for the impact of the earnings restatements in its 10-Q.But the options scandal has never touched a more exciting company than Apple or a more thrilling executive than Jobs. In June 2006, a special committee of Apple outside directors, chaired by former Vice President Al Gore, hired its own attorneys to investigate options backdating at the company. It turns out there were literally thousands of examples of backdating at Apple—6,428 options grants on 42 dates over a period of several years.As with Jordan, a different set of rules seems to apply to Jobs.Clearly, the Enron trials have not closed the book on corporate fraud.