Apple board rushes to Jobs's defence

Apple's board of directors has issued a statement in support of chief executive and co-founder Steve Jobs, denying allegations by former chief financial officer Fred Anderson that Jobs approved illegal stock option back-dating. "We are not going to enter into a public debate with Anderson or his lawyer. Steve Jobs cooperated fully with Apple's independent investigation and with the government's investigation of stock option grants at Apple." The board's statement also noted that an internal investigation found no wrongdoing by Jobs, and that the SEC cleared Apple from any charges in the case. However, SEC associate regional director Marc Fagel emphasized that the decision did not apply to individual employees within the company.

News source: vnunet

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11 Comments

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+1
He's as guilty as the rest of them but he's also the one that has brought them back from near extinction. What would you do or say if you were a board member and your bread and butter was about to become toast?

Steve must need some backup for his RDF (Reality Distortion Field). I'm sure the combined power of the Board of Directors' RDF's will get Steve off, as they say, scot-free.

The Apple Board of Directors doesn't happen to include Scooter Libby as a member, do they?


Jobs wasn't trying to illegally increase his income. Of course not. This was the action of lone minion, who selfishly increased Jobs' income for an unknown purpose. Riiight.