Apple's Grant To CEO Under Scrutiny: Report

Law360, New York (January 12, 2007, 12:00 AM EST) -- Federal authorities will not confirm new reports that investigators are probing a backdated stock-option grant issued to Apple’s chief more than five years ago.

In a Wall Street Journal story citing unidentified people familiar with the matter, investigations are said to be underway into the circumstances surrounding the date fudging of Steve Jobs’ $7.5 million grant.

U.S. Securities Exchange Commission spokesman John Wester declined to comment on whether the Commission was investigating the matter.

“As you know it’s our policy to neither confirm nor deny the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.