News, info, and opinion by Mac users, for Mac users.

October 12, 2006

money

More Apple management getting fingered in stock scandal

Posted Oct. 12, ’06, 7:21 AM PT by Derik DeLong
Category | Money

SEC Apple is conducting an internal audit of stock backdating using three of it’s own directors. Unfortunately, their first stab at forming the committee was an almost complete disaster.

Jerome York had to recuse himself because he was responsible for some of the awards in question. Swing and a miss Apple. Eric Schmidt, who recently joined Apple, is currently involved in his own troubles with stock option backdating at that Novell. I guess he’s out.

The third member is none other than Al Gore, who seems to be clean. Apple only confirmed a three person committee but not who was on it. This whole stock thing is heating up, but it’s still hasn’t reached geek soap opera status in my book. Where are the scary email threats?


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