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Apple CEO Questioned in Options Investigation

by , 10:50 AM EST, January 23rd, 2007

Government investigators looking into Apple's stock option granting process have questioned CEO Steve Jobs as part of their ongoing criminal investigation. Investigators from the Securities and Exchange Commission and Justice Department spoke with Mr. Jobs in San Francisco the week after Macworld Expo concluded, according to Bloomberg.

In an independent internal investigation that Apple commissioned, information surfaced that showed some members of the company's management team were involved in improperly backdating stock option grants. The investigation concluded that the current management, including Mr. Jobs, were not involved in any misconduct.

The government, however, is continuing its criminal investigation. Nell Minow, editor at the corporate governance research firm, Corporate Library, commented "It is after all the SEC's view on [Mr. Jobs'] culpability that matters, not the internal investigation at Apple."

Information about what was discussed during the interview with Mr. Jobs has not been disclosed.

Apple stock is currently trading at US$86.39, down 0.40 (0.46%).


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

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Observer Comments

Show: Subjects Only | Full Comments
Close Name:Bosco Posts: 999 Joined: 03 Jun 2002
Subject: Nothing to see here...

Munster and Wu say there's nothing here. One of them (I think it was Wu) said that the US would never prosecute an Apple CEO because Apple is important to the economic recovery.

View Name:Guest
Subject:
Close Name:Intruder -   TMO Mac Specialist Posts: 2980 Joined: 07 Jul 2004
Subject:

It was a joke, guest. Bosco picks on Wu and Munster all the time.

Close Name:Terrin Posts: 369 Joined: 29 Jan 2006
Subject:

I think the government would prosecute Jobs. I, however, have not seen anything yet to suggest that it will. Apple is playing ball, as is Jobs. The two former attorneys for Apple are not talking to the government, citing fifth amendment concerns, Jobs, however, is talking.

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