Remember those halcyon days when we thought we’d seen the last of the Apple backdating scandal? Turns out that those days were firmly rooted in a land that beings with ‘D’, ends with ‘l’, and, er, middles with ‘enia.’ Long way to go? Yep, but we’re just getting started.
The SEC has now questioned Senor Jobs about the options situation, though we can’t say too much about it, as we have no idea what went on (blind guess: “Gentlemen…have you seen the iPhone? It’d be perfect for that Jack Bauer guy I always see running around on the TV.”). Meanwhile, Valleywag offers five talking points for why the water in Steve Jobs’s hot tub might be warmer than you think.
3. Steve Jobs’ options weren’t merely backdated. Board meeting minutes formalizing the grant were faked, it would appear. That’s forgery, which the regulators take very seriously. Even if Jobs wasn’t aware of the time that the paperwork had been fixed to that extent, the fabrication of board approval raises some obvious questions: when did the Apple CEO become aware, what action did he take, and how swiftly?The VeeDub goes onto point out that since removing Jobs as CEO would hurt Apple, the board might be able to strike a deal, though it would probably involve “an extraordinarily punishing financial settlement.” Good thing they made a billion dollars last quarter. And, hey, if worse comes to worse, they can always replace him with a LEGO facsimile. Who’d know?
Um, picking a nit here, but...
When you wrote "routed" (first paragraph), I think you meant "rooted".