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Pension fund claims evidence against Jobs & Co in Apple backdating scandal

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Other Tech News The latest community based technology news from across the globe. (If you aren't a community newsposter then use the "Submit News" section.)

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Old Apr 25, 2008, 01:02 AM   #1
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Pension fund claims evidence against Jobs & Co in Apple backdating scandal
FindLaw.com today published an article that shines the spotlight on Apple’s stock option backdating game once again. The website reports that nine Apple executives, including CEO Steve Jobs, are summoned to appear before court in connection with stock options accounting practices. The Boston Retirement Board claims new evidence indicates that the executives wasted more than $105 million of the extra value of backdated stock options granted to Steve Jobs.
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