Disney Options Probe Seems To Clear Jobs

Law360, New York (March 19, 2007, 12:00 AM EDT) -- The Walt Disney Company has said that stock options were backdated at Pixar Animation Studios prior to Disney acquiring it, but that no one currently associated with the company deliberately engaged in misconduct, a statement that seems to exonerate Steve Jobs.

Jobs, the former chief executive of Pixar and now a member of Disney’s board, has faced scrutiny for options backdating at the company he co-founded and now runs, Apple Inc.

In a short statement issued by its chairman of the board, John E. Pepper Jr.,...
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