Apple Computer stock option problem

Posted by Tracy Coenen on December 28, 2006 · 1 Comment 

The confession by Apple Computer executives has gotten more serious. Previously, it was believed that stock options were backdated a’la several public companies. It’s now been revealed that executives also falsified documents related to stock options in order to personally make more money on them.

Apparently, federal prosecutors are now looking at documents related to the stock options. It’s also been revealed that CEO Steve Jobs has hired an attorney to represent him personally.

Yes, the stock price (AAPL) has been up and down quite a bit since this revelation.

UPDATE: On Friday, the company said that an internal investigation cleard Steve Jobs any wrongdoing.


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