Apple CEO Questioned in Options Investigation

· by · Apple Stock Watch

Government investigators looking into Appleis 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 companyis 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 SECis view on [Mr. Jobsi] 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%).

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Jeff Gamet

Jeff Gamet

Jeff is the Mac Observer's Managing Editor, and co-host of the Apple Context Machine podcast. He is the author of "The Designer's Guide to Mac OS X" from Peachpit Press, and writes for several design-related publications. Jeff has presented at events such as Macworld Expo, the RSA Conference, and the Mac Computer Expo. In all his spare time, he also co-hosts the We Have Communicators podcast, and makes guest appearances on several other podcasts, too. Jeff dreams in HD.

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