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Apple's Grant To CEO Under Scrutiny: Report

Law360 (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...
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