Jobs didn't know of stock options' accounting issues
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Apple CEO Steve Jobs was aware of the company's practice of backdating stock-option grants but unaware of the accounting implications, the company said Wednesday.
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Home Depot Inc. said on Wednesday it had unrecorded expenses of about $200 million from errors tied to stock option grants, but correcting the problem would have no material effect on financial statements.
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By Crayton Harrison, The Dallas Morning News  Sep. 14--Affiliated Computer Services Inc. didn't turn in its annual regulatory filing on time because it's still working on an internal investigation of its stock option practices, it said Thursday.
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Apple Inc.  disclosed on  Friday that the U.S. government had informally requested more  information and documents on its past stock-options practices,  and said the issue was a distraction for management.
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By Ryan Blitstein, San Jose Mercury News, Calif.  Dec. 16--In a filing with the Securities and Exchange Commission, Apple Computer said Friday it will delay its annual 10-K financial report by more than two weeks while it reviews the findings of its investigation into stock option grants.
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Apple Inc.  reiterated in a regulatory filing on Friday that the U.S. government informally had requested information and documents on its past stock-options practices and said the issue was a distraction for management.
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The company talks down a recent inexplicable stock run-up.
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Senator Barack Obama said today he was not aware he had invested in companies supported by his donors.
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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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Apple Inc  Chief Executive Steve Jobs was asked by U.S. securities regulators to give a deposition in a lawsuit against the company's former general counsel involving stock options backdating, Bloomberg reported, citing two people familiar with the matter.
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NEW YORK -- Apple Computer Inc. said Friday it has delayed filing its annual report with the Securities and Exchange Commission due to its ongoing investigation into stock option grants.
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The failure to expense stock options is causing distortions and inefficiencies in U.S. labor and capital markets.
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Apple Computer Inc. , which is undergoing an independent investigation into its historical stock option practices, filed with the U.S. Securities and Exchange Commission on Friday to delay its 10-K annual report filing.
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Apple Computer, the maker of iPod music players, delayed filing its financial statements on Friday for the second time, and said it would restate earnings to account for backdated stock-option grants.  The size of any charge related to the options has not been finalized.
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New allegations have surfaced that Apple CEO Steve Jobs was involved in backdating stock-option grants improperly while chairman of the animated movie studio Pixar.
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The mixed results in its latest earnings report may get lost in the wording.
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Options traders were on the defensive  on Friday as a bleak jobs report and a newly released video by  al Qaeda leader Osama bin Laden just days before the  anniversary of the September 11 attacks prompted many to  reassess their portfolio risk ahead of the weekend.