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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
 Tuesday, April 24, 2007
Apple Inc. (NDAQ:AAPL) may face some increased scrutiny after Fred Anderson, the former chief financial officer of Apple, pointed the finger at Steve Jobs. The statement, which comes just after the SEC said Anderson had settled charges related to backdating in 2001, was issued by Anderson's attorney and stated simply that Jobs told Anderson that the Apple board had already signed off on the grant. In the end, Steve Jobs received a pass on any penalties while the SEC forced Anderson to pay more than $3.5 million in what the government called "ill-gotten gains" along with interest. Now given the statements by Anderson and another defendant, the SEC may continue to investigate Jobs' involvement in the backdating problems that plagued Apple.

Tuesday, April 24, 2007 12:20:22 AM UTC  #    Comments [0]  |  Trackback
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