Jobs Did Nothing Wrong: Apple

Law360, New York (January 02, 2007, 12:00 AM ET) -- A special committee that included former Vice President Al Gore has cleared Apple Computer Inc. CEO Steve Jobs of any wrongdoing related to the computer giant’s handling of stock option grants, but said he did play a role in recommending grants.

In an annual report filed with the U.S. Securities and Exchange Commission on Dec. 29, the company said it recognized an additional non-cash stock-based compensation expense of $84 million after tax, including $4 million and $7 million in fiscal years 2006 and 2005, respectively....
To view the full article, take a free trial now.

Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required