Feeds

Apple 'falsified' share documents

Steve Jobs's options fingered

Secure remote control for conventional and virtual desktops

Apple's chief executive Steve Jobs was given share options on the basis of falsified documents which claimed to show the board of directors had approved the stock grant, the FT has claimed.

Apple admitted back in June that it had incorrectly accounted for share options between 1997 and 2001. The SEC is investigating dozens of Silicon Valley firms for backdating or wrongly accounting for share options.

But the SEC is now looking at documents relating to the granting of 7.5 million options to Steve Jobs in 2001 which supposedly showed Apple's board of directors approved the grant. It believes these documents were falsified at a later date. According to the Financial Times, which broke the story, Apple will confirm the dodgy documents in an SEC filing later this week.

Apple claimed its own house was clean after an internal audit late last year which resulted in the resignation of chief financial officer Fred Anderson. Steve Jobs apologised at the time to Apple staff and shareholders.

Jobs never actually excercised the options in question.

Some stock market analysts are predicting Jobs will not have to carry the can and shares will bounce back if ex-Apple staff are blamed for the problem. Legal newswires report that Jobs has hired his own independent legal counsel.

More from the FT here.®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.