New Mac: iScrewedonStockOption
All is not kosher at Apple, according to FT
chief executive of Apple Computer, was handed 7.5m stock options in 2001 without the required authorisation from the companyâ€™s board of directors, according to people familiar with the matter.
Records that purported to show a full board meeting had taken place to approve Mr Jobsâ€™ remuneration, as required by Appleâ€™s procedures, were later falsified. These are now among the pieces of evidence being weighed by the Securities and Exchange Commission as it decides whether to pursue a case against the company or any individuals over the affair, according to these people.
Wonder what made Steve Jobs, one of the smartest people on the planet, take such a stupid step.