Apple Execs Reportedly Faked Options Documents 172
theodp writes "Federal prosecutors are reportedly looking closely at stock option administration documents that were apparently falsified by Apple execs to maximize the profitability of option grants. While Apple has said CEO Steve Jobs did not profit from the stock-option backdating, Jobs has reportedly hired his own attorney to deal with the SEC and Justice Department."
Re:Say it Ain't So Fred! (Score:3, Interesting)
Convertible bonds aren't a win for existing stockholders, however, who find their stake diluted by the new issuance. To oversimplify, it would be like the US government printing money to pay debts.
Re:Is Apple the Enron of Computer Companies? (Score:2, Interesting)
Because the right to legal counsel applies to CEOs too?
This is what Enron was up to... (Score:3, Interesting)
No kidding.
"Tonight