Steve Jobs apologized last week while announcing the results of an internal investigation regarding Apple's backdating of stock options, in which options were granted on a preferentially low stock price date instead of the date upon which the grant was decided
Steve Jobs did not benefit from the discontinued practice of stock-option backdating at Apple, a company board committee led by board member and former Vice President Al Gore reported at the end of December
The U.S. Securities and Exchange Commission (SEC) has accused two former Apple executives in two instances of illegal stock option backdating that Apple had previously disclosed after an internal investigation (see "Apple Releases Stock Option Backdating Report," 2007-01-08)
Dear diary: I had breakfast with Fake Steve Jobs! He showed me the next-generation iPod (hint: it requires minor surgery to use), gave me a shiny new penny, and then wiped my memory using his reality distortion field. All I recall is eating a bagel with a Boston-based Forbes reporter named Dan Lyons.
The Justice Department reportedly ends its criminal investigation into Apple's stock backdating affair. A civil action by the SEC remains against a former executive.
Nancy Heinen, once Apple's general counsel, will pay $2.2 million to settle charges raised over Apple's handling of backdated stock options.
A preliminary settlement has been reached over lawsuits accusing Apple executives of various inappropriate acts related to the backdating of stock options. This may be the end, at last, of this ugly chapter in the company's financial history.