http://money.cnn.com/2006/12/29/tech...ion=2006122910
Quote:
Apple says options probe clears Jobs
The iPod maker restates earnings and says CEO Steve Jobs was aware of some options backdating but that he was not involved with any other wrongdoing; stock surges on the news.
By Paul R. La Monica, CNNMoney.com editor at large
December 29 2006: 11:06 AM EST
NEW YORK (CNNMoney.com) -- Apple Computer disclosed in a regulatory filing Friday that chief executive officer Steve Jobs was aware that some stock options granted to him and other executives at Apple between 1997 and 2002 were backdated and that the company was restating financial results for the past few years as a result of the backdating.
But the maker of the popular iPod also said that Jobs did not financially benefit from the options and added that a special committee which investigated the options granting practices at Apple found no wrongdoing by Jobs or other current managers.
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Well, that sounds better.