Apple finds irregularities in stock option grants
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Apple Computer Inc. said on Wednesday it found irregularities with its past stock option grants during an internal investigation and the company will likely need to restate its past financial statements.
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Apple Inc. Chief Executive Steve Jobs continued his tradition of taking home only $1 in salary in 2007, when he also gained $14.6 million on paper by exercising stock options that were about to expire, according to a filing with the Securities and Exchange Commission.
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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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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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Updated: The company says someone &quot;has recently misappropriated and disseminated through Web sites confidential information about an unreleased Apple product.
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Blog: Tobak's take on Steve Jobs' role in the stock options backdating scandal at Apple
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Several options grants to top  executives at Apple Computer Inc.  were dated just  before sharp increases in its stock between 1997 and 2001, the  Wall Street Journal reported on Monday, citing a review of  regulatory filings.
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Apple Computer has delayed filing its financial statements for a second time and said it will restate earnings to account for backdated stock-option grants.
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After breakneck increases in its stock price, Apple recently initiated a 2-for-1 stock split. The move will reduce the existing stock value by 50%, with each shareholder receiving an extra share. For investors, the move is another positive devel...
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NASD, which is the regulatory arm of the Nasdaq stock market, and the Securities and Exchange Commission are investigating about two dozen firms, including brokerage firms and mutual fund companies, to determine whether brokers handed out expensive gifts
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(InfoWorld) - Apple Computer Inc. CEO Steve Jobs apologized to shareholders Wednesday after an internal investigation found that he had been aware of the company's practice of "backdating" employee stock options. "I apologize to Apple's shareholders and employees for these problems, which happened on my watch," Jobs said in a statement, released Wednesday. "They are completely out of character for Apple." A three-month investigation by Apple's board of directorsÂ found that the company had backdated option grants made on 15 dates between 1997 and 2002. Its findings raised "serious concerns" about the roles that two former officers had played in the matter, Apple said. Apple did not identify these former officers, but the company's chief financial officer at the time of the grants, Fred Anderson, has resigned from Apple's board of directors, saying that this is "in Apple's best interests," Apple announced Wednesday. Although investigators found no misconduct by any member of Apple's current management, Jobs was aware of "a few instances" of the practice, Apple said. Jobs did not benefit from the backdated grants and "was unaware of the accounting implications." A number of Silicon Valley companies have been embroiled in the growing controversy over the practice of backdating, or allowing employees to be granted stock options dated from an earlier time, when the trading price of these options was lower. McAfee Inc.,Â Broadcom Corp.,Â Sycamore Networks Inc.Â andÂ Rambus Inc., have been implicated in the scandal, and last June criminal charges wereÂ filed against executives from Brocade Communications Systems Inc.Â in connection with that company's stock option granting practices. Apple believes it will have to restate its past SEC filings in order to record charges for its option grants. The company is working "to ensure that this never happens again," Jobs said. Â
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has morphed from a question of 'If' to 'When' among fans and analysts. REUTERS/Dylan Martinez" border="0" /> 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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Apple Computer (Nasdaq: AAPL) has finally agreed to pay a dividend. No, not the kind of owner dividend that would have Motley Fool Income Investor subscribers donning their
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Apple Inc.  has an received informal request from the U.S. government for more information and documents on its past stock-options practices, the iPod maker said in a regulatory filing on Friday.
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Apple announced Wednesday the results of a three-month investigation into the company&#8217;s stock option practices, and former Apple Chief Financial Officer (CFO) Fred Anderson announced that he &#8220;believes it is in Apple&#8217;s best interests&#8221; for him to resign from the company&#8217;s board of directors.
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Home Depot Inc.  on Friday said in three  instances before December 2000, its stock-option grant price  was lower than the market price, which resulted in an  unrecorded expense of less than &#36;10 million for the period.
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As previously announced, KB Home's past stock option grant practices are  being investigated by the Securities and Exchange Commission. The  Department of Justice is also looking into these practices but has  informed KB Home that it is not a target of this investigation.