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Jobs Did Nothing Wrong: Apple

Law360 (January 2, 2007, 12:00 AM EST) -- 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....
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