Did Jobs get caught with his hand in the options cookie jar? It looks as if Apple has been back dating stock options for it's top executives. But for some reason, this practice is not considered illegal as long as shareholders are notified of it. Even if this practice is fround upon as being unethical. So I am confused as to what the current issue is with Apple. The SEC is not investigating them at this time but Apple has contracted out an investigation of their own. Sound's like it is an internal power struggle and someone who didn't get these options may not be happy. Any thoughts?
6 comments:
It's so hard to speculate about the inner relationships among the Apple executives. It may be nothing at all! (At least, that's what I hope!)
Gents,
I would not be surprised at all if this is a common practice with top executives. Seems like disclosure tends to be the main point for the SEC now and days, as opposed to consistency, with things like compensation packages. Top executives, in my humble opinion, tend to get waaaaaayyyy more than they are worth, and I do not mean that as a jab against Jobs. But, good leaders develop a team that gets things to happen - not just one or a few top people.
I would be really surprised if Jobs and the Board did anything that's not common practice with executive compensation packages.
-Le
I have just noticed news about Apple being sued in two seperate lawsuits about this issue. Details were minimal though.
I just hope Steve doesn't end up going the way of Ken Lay...
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