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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
# Wednesday, January 24, 2007
Apple Computers (NDAQ:AAPL) co-founder and CEO Steve Jobs has found himself in the spotlight again after sources said he was being questioned by the U.S. Department of Justice and the Securities and Exchange Commission last Thursday. While reportedly "flanked by lawyers", very few details of the event have been released to the public. Steve Jobs was most recently put in the spotlight after reports surfaced that he was granted 7.5 million stock options that were backdated by two months. Apple subsequently confirmed that documents were falsified to create the impression that the options were approved at a board meeting that never took place. While no criminal chages have been filed, this ordeal may prove to be a blow for Apple's iconified CEO who has been a media darling for several years. With more than 200 companies already implicated in the growing options backdating scandal, this is definitely a story to watch closely.

Wednesday, January 24, 2007 8:53:33 PM UTC  #    Comments [0]  |  Trackback