Results 1 to 4 of 4
  1. #1

    Member Since
    Apr 17, 2007
    Civil charges filed against 2 Ex-Apple Employees
    Just FYI


  2. #2

    fleurya's Avatar
    Member Since
    Nov 18, 2006
    Anytown, USA
    27" iMac 2.7GHz Core i5, iPhone 6, iPad Air 2, 4th gen Apple TV
    Fred Anderson openly accused Steve Jobs of feeding him false information and being a key player in the backdating, which is in contrast to Jobs claiming no knowledge of the activities. I hate to say it, but CEO claiming no knowledge of a major illegal activity. Sounds familiar.

    This has been a very big issue affecting many companies. A professor at my school was the one who uncovered this huge scandal.

  3. #3

    dan828's Avatar
    Member Since
    Jan 12, 2005
    Ceres, Ca
    iPad 32 GB 3G
    Engadget had a blurb from the Wall Street Journal earlier that quoted Anderson.

    ...According to a statement issued by Mr. Anderson's lawyer via the SEC:

    "Fred cautioned Mr. Jobs that the Executive Team grant would have to be priced based on the date of the actual Board agreement or there could be an accounting charge. He further advised Mr. Jobs that the Board would have to confirm its prior approval in a legally satisfactory method. He was told by Mr. Jobs that the Board had given its prior approval and the Board would verify it. Fred relied on these statements by Mr. Jobs and from them concluded the grant was being properly handled. ... It now appears the Board may not have given the necessary prior approval to the grants, contrary to what Mr. Anderson understood from Mr. Jobs"
    One wonders what else Anderson is giving the SEC as part of his settlement. The fine and whatnot basically just gives them what he made from his own backdated shares. It's very possible that they gave him this deal with the understanding that he would testify against Jobs and others. Blatant speculation on my part, I know, but Jobs is far from being off the hook on this.

  4. #4

    Member Since
    Apr 17, 2007
    I agree, and I read another article somewhere yesterday (and now I can't recall anything of it for the life of me), that there are more charges and yet another incident evolving.

    I have to agree with you about the CEO "not knowing." In my professional opinion, it is the duty of the top dog to know what's going on, and if not to STILL take responsibility regardless.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Apple Employees
    By wskoff in forum Schweb's Lounge
    Replies: 6
    Last Post: 10-30-2011, 12:11 AM
  2. Apple's A4 and A5 processors targeted in a new lawsuit filed by Via
    By OneMoreThing... in forum Apple Rumors and Reports
    Replies: 2
    Last Post: 09-23-2011, 12:00 PM
  3. Apple Thanks Apple Store Employees In Tenth Anniversary Poster
    By OneMoreThing... in forum Apple Rumors and Reports
    Replies: 3
    Last Post: 06-03-2011, 01:37 PM
  4. what are apple store employees paid?
    By macgig in forum Schweb's Lounge
    Replies: 1
    Last Post: 09-01-2008, 11:51 AM
  5. Apple gives employees free 2g Shuffles
    By dan828 in forum Schweb's Lounge
    Replies: 1
    Last Post: 11-03-2006, 06:29 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts