Disney finds backdated Pixar stocks; clears Jobs

Walt Disney has confirmed that it has found backdated stock options at Pixar prior to its acquisition in January 2006 and has cleared Steve Jobs (CEO of Pixar at the time) of any wrongdoing. "The Committee and Board have concluded that while options were backdated at Pixar prior to the acquisition, no one currently associated with the Company engaged in any intentional or deliberate acts of misconduct," said Disney in a prepared statement. So much for all the headlines placing Jobs under a dark spot light. Who cares if it's incorrect, it makes a popular figure look bad! To the printers I say! Disney said that it should also address the additional income tax liability issues facing Pixar employees who hold the options. The company doesn't expect the tax issues to affect its financial statements.

News source: Macworld

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Correction... please change the post title to:

Disney (conveniently) finds backdated Pixar stocks; clears Jobs; finds scapegoat with three kids, a wife, and a mortgage

They were down the back of a sofa, yes that's it, Jobs could never do anything wrong like that. Please.

This is a BS coverup, he is not a saint.

XerXis said,
An investigation is necessary, someone tried something and someone tried to hide it, that's for sure.

I don't understand how you can say this so confidently, there can be mistakes in businesses which cause issues like this.

Seems like these "mistakes" happen a lot in Apple and Aplpe related companies though... probably coincidence... oh except it was proved it wasn't a "mistake" at apple though...

But I'm sure Jobs didn't have anything to do with it... this time.... riiiight...

No it doesn't. Just pop over to Shareholder Services and see who has the most shares. When Disney bought Pixar they gave Stevie a seat on the Board and more stock than any individual shareholder. It was way too high a price for what they got and the worst corporate mistake they've made to date.

No one should be surprised by this Pixar stock back-dating.

its not the first time he in pointed out in this kind of stuff, and he is a manipulative ******, i am sure he would sell his mom for money.

And I'm sure you're somebody who has nothing better to do than make retarded assumptions about people that are more fortunate than yourself.

pixels said,
And I'm sure you're somebody who has nothing better to do than make retarded assumptions about people that are more fortunate than yourself. :rolleyes:

You're no better when you resort to calling people retarded.

BTW to any mods looking, isn't that against the rules? The poster did imply he is retarded. I've seen warns handed out in other threads over this.

NightmarE D said,
BTW to any mods looking, isn't that against the rules? The poster did imply he is retarded. I've seen warns handed out in other threads over this.
Then PM a News Mod about it, if you are so concerned.

FWIW, as a former mod, the poster said the "assumption" was retarded, not the poster.

Woot, nice. I doubted Jobs would do something like that. Some of you may think of him as a manipulative ******, but that doesn't make him a criminal.

He's a sleaze bag and I'm really not surprised to find another company that he is connected to is caught up in this. When his behaviour is so arrogant and pompous it makes me assume the worst, not the best.

theyarecomingforyou said,
He's a sleaze bag and I'm really not surprised to find another company that he is connected to is caught up in this. When his behaviour is so arrogant and pompous it makes me assume the worst, not the best.

It's all about the bottom-line, and great products from a visionary company. If only all sleazebags were like him.