Paper: Apples Jobs surrendered unauthorized options
Paper: Apples Jobs surrendered unauthorized options
Apple Computer gave Chief Executive Steve Jobs 7.5 million stock options in 2001 without the required authorization of the companys board, the Financial Times reported Thursday. Records purporting to show that a full board meeting had taken place to approve the remuneration, as required by Apples procedures, were later falsified, the Financial Times reported, citing people familiar with the matter. The paper said the records were being reviewed by the U.S. Securities and Exchange Commission as it decides whether to pursue a case against Apple or any individuals. It also said Jobs surrendered his options before they were exercised and was later