Apple Board Responds to ex-CFO Claims
Apple Board Responds to ex-CFO Claims
by , 4:35 PM EDT, April 25th, 2007
In an uncharacteristic move, Apple Inc's Board of Directors responded to the accusations from former CFO Fred Anderson that Steve Jobs was aware of the implications of improperly backdating stock option grants. The board said in a statement that Apple will not enter into a debate with Mr. Anderson or his attorneys over Mr. Jobs's involvement in the backdating issue.
The statement from board members Bill Campbell, Millard Drexler, Albert Gore Jr., Arthur D. Levinson, Eric Schmidt and Jerry York stated in part "Steve Jobs cooperated fully with Apple's independent investigation and with the government's investigation of stock option grants at Apple. The SEC investigated the matter thoroughly and its complaint speaks for itself, in terms of what it says, what it does not say, who it charges, and who it does not charge."
In essence, the Apple Board responded to Mr. Anderson's allegations to state that it would not respond.
After agreeing to a settlement with the Securities and Exchange Commission on Tuesday, Mr. Anderson released a statement through his lawyer claiming that he advised Mr. Jobs of the accounting implications when backdating stock option grants - Implying that Mr. Jobs was directly involved in improper stock option grant backdating and was aware of the possible consequences.
The board also stated "We have complete confidence in the conclusions of Apple's independent investigation, and in Steve's integrity and his ability to lead Apple."
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/extension.inc) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 108
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/extension.inc' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 108
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/common.) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 110
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/common.' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 110
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/includes/bbcode.) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 112
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/includes/bbcode.' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 112
Fatal error: Call to a member function sql_query() on a non-object in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 532
Recent Headlines - Updated June 19th
- Wed, 3:45 PM
- Analysis - Apple Lands Important Deal for 30,000 iPads in LA Schools
- 2:35 PM
- Analysis - B&N Drops Bombshell in DOJ’s Price Fixing Case Against Apple
- 2:04 PM
- TMO Interview - Dave Teare at WWDC: How One Month for 1Password Became 8 Years
- 10:17 AM
- News - HBO GO, WatchESPN & More Come to Apple TV
- 9:29 AM
- Solar iPhone Chargers Coming to NYC
- 8:20 AM
- TMO Quick Tip - iOS: Prevent Unauthorized Siri Use
- Tue, 8:38 PM
- Editorial - Apple Offers Retail Employees Early Access to OS X Mavericks
- 6:41 PM
- Steve Wozniak Presides Over 3 Working Apple I Computers
- 4:35 PM
- TMO Interview - Alf Watt at WWDC: The Journey from iStumbler to Apple and Beyond
- 3:47 PM
- Product News - Apple Updates Java for Snow Leopard, Lion, Mountain Lion
- 2:01 PM
- Chatology Offers Search & Filtering Options for Apple’s Messages & iChat
- 1:50 PM
- Quick Look Review - Just Mobile’s AluCup: iOS Device Convenience in a Small Space
The Mac Observer Reader Specials
Support TMO, Buy from Amazon, MacMall and The Apple Store
