Apple CEO Steve Jobs likely to avoid criminal charges in options backdating probe

Apple Store“Months into a federal investigation of stock options backdating at Apple, prospects for a criminal case against powerhouse CEO Steve Jobs appear dim,” Howard Mintz and Troy Wolverton report for The Mercury News.

“A Mercury News examination of a massive 2001 stock-options grant to Jobs that was backdated through bogus documentation – the central focus of the federal probe – shows there is scant evidence, if any, to support criminal charges against the Silicon Valley icon,” Mintz and Wolverton report.

Mintz and Wolverton report, “A close review of the events that led to the controversial grant reveals that the backdating emerged from a good-faith, although clumsy, attempt by Apple’s board of directors to reward their star CEO for resurrecting a moribund company.”

Full article which chronicles the history of Jobs’ options and more here.

[Thanks to MacDailyNews Reader “Cedric” for the heads up.]

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24 Comments

  1. Fish Steve: “But iGot a new cool iPhone up my iButt!”

    Booty Bandit: “But iDont care, nobody on the outside likes my iAss anyway, so give it iUp.”

    Fish Steve: “But iScared, will iHurt?”

    Booty Bandit: “You scream, iScream, the whole iBlock screams for ice cream”

    Fish Steve: “iSee”

  2. If it goes away, there is no story for the press to make hay with.

    We never doubted that SJ was never the type of man to dirty himself by fiddling things in his favour – let alone to do with finance – something I’d guess he has absolutely no interest in.

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