Google Chief Joins the Board of Apple
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Apple Computer said that the chief executive of Google, Eric Schmidt, was elected to its board on Tuesday.
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Steve Jobs, the charismatic chief executive of Apple Computer Inc. and Pixar Animation Studios, is back on the job after undergoing cancer surgery.
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Former Wal-Mart digital music exec joins Apple to lead iTunes international video distribution effort.
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Google Inc. GOOG.O CEO Eric   Schmidt is joining Apple Computer Inc.'s AAPL.O board of   directors, the computer maker said on Tuesday, creating a close   tie between two of Silicon Valley's most iconic companies.
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(InfoWorld) - New allegations have surfaced that Apple Inc. CEO Steve Jobs was involved in backdating stock-option grants improperly while chairman of the animated movie studio Pixar Inc. The Wall Street Journal reported Friday that Jobs approved a March 2001 employment contract with "Toy Story" director John Lasseter that granted Lasseter Pixar stock options priced in December 2000, three months before the contract was signed and when the stock price was at its lowest level of the year. Although the Journal reports it is not clear whether Jobs picked the December stock options pricing date, his signature, on behalf of Pixar, is on Lasseter's contract. Stock-options backdating is not illegal, per se, but there are U.S. Securities and Exchange Commission (SEC) regulations on how they must be accounted for and disclosed to shareholders. Pixar Inc. has since been acquired by The Walt Disney Co., Jobs now sits on Disney's board and is its largest individual shareholder. Disney said it is conducting its own investigation of Pixar stock-options practices. The U.S. Attorney's Office in San Francisco and the SEC have been investigating stock-options backdating actions at Apple and other companies. Calls to the U.S. Attorney's Office, Apple and Disney were not immediately returned.
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U.S. stocks inched up on Wednesday   after comments from Federal Reserve official Richard Fisher   soothed concerns about inflation and shares of Apple Computer   Inc. AAPL.O jumped after news that Google Inc.'s GOOG.O CEO   joined the company's board.
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By Troy Wolverton, San Jose Mercury News, Calif.  Feb. 9--Already under scrutiny for his role in misdated stock options at  Apple, Steve Jobs is facing growing questions about whether he was involved in  similar problems at Pixar.
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Steven P. Jobs, the chief executive, called the moves a âtotal refreshâ of the iPod.
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Computer Associates today officially announced that John Swainson, an IBM veteran, has been named president and CEO-elect, as well as a member of the CA board.
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Apple Computer has tapped the head of Google for its board, hoping to benefit from his long industry experience.
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Google CEO Schmidt Joins Apple Board of Directors No, it&#8217;s not a Google-Apple partnership (Gapple?), but Google CEO Dr. Eric Schmidt has joined the Apple board of directors with a company he says is &#8220;one of the companies in the world that I most admire.&#8221; Schmidt has been Google&#8217;s CEO since July 2001 and became chairman [...]
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Intel&#39;s board of directors has elected current president and chief operating officer Paul Otellini as its next chief executive, succeeding Craig Barrett, who was named new chairman of the board.
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(InfoWorld) - Apple CEO Steve Jobs has been subpoenaed by the U.S. Securities and Exchange Commission (SEC) to give a deposition in the stock option backdating lawsuit against former Apple General Counsel, Nancy Heinen. Citing two sources familiar with the case,Â Bloomberg reportsÂ that the subpoena is not part of an SEC investigation. Jobs' testimony is required as part of aÂ lawsuit brought against Heinen by the SECÂ in April 2007. Heinen is the only former Apple executive charged in the backdating scandal.Â Apple's internal investigation cleared all current executivesÂ of any wrongdoing and the SEC reached a deal with former CFO Fred Anderson in the case. Apple representatives were not immediately available to comment. The SEC says that Heinen granted 4.8 million options to six Apple executives, including herself, Anderson and CEO Steve Jobs, in February 2001. To avoid reporting an US$18.9 million compensation charge, Heinen backdated the options to January 17 when the company share price was much lower, the SEC said. She then told her staff to prepare false documents showing the board of directors had acted on that day. Later, in December 2001, the company granted 7.5 million options to Jobs. Again, Heinen avoided a $20.3 million charge by drafting minutes for a fake board meeting she said happened on Oct. 19, the SEC said. That meeting had never occurred. Heinen has maintained her innocence in the case and a statement by her lawyers said, "Nancy Heinen's integrity is unimpeachable."Apple's backdating problems started in June 2006, when the company announced thatÂ an internal probeÂ had found some irregularities in some option grants issued between 1997 and 2001. Four months later, Apple said a special committee hadÂ found irregularities in 15 of the grantsÂ made between 1999 and 2002. The internal investigation also found that Jobs was aware that favorable grant dates had been selected but didn't receive or benefit from those grants and was "unaware" of the accounting implications. In late December,Â Apple disclosed more backdating-related news,Â again clearing current executives and taking an $84 million charge on its restated earnings. Macworld is an InfoWorld affiliate.
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Dr. Eric Schmidt, chief executive officer of Google, was elected to Apple&#146;s board of directors at their meeting today. Eric also sits on Google&#146;s board of directors and Princeton University&#146;s board of trustees.
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MacCentral - Apple Computer Inc.'s Senior Vice President of Hardware Product Marketing, Phil Schiller, officially kicked off Apple Expo Paris this week introducing the iMac G5 during his keynote address. Analysts are unanimous in their support for the new consumer machine and the strategic ties Apple has drawn between the iMac and the iPod in marketing the computer.
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Google Inc.  CEO Eric  Schmidt is joining Apple Computer Inc.'s  board of  directors, the computer maker said on Tuesday, creating a close  tie between two of Silicon Valley's most iconic companies.
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Fred Anderson, who served as Apple's chief financial officer from 1996 to 2004, leaves the company's board of directors after an internal investigation reveals details of stock-manipulation tactics that maximized execs' profits. In Cult of Mac.