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Why Jobs Has The Backing Of Apple's Board
News For the hundreds of companies accused of inappropriately backdating stock options, there's no pat answer for what to do. Some, such as security software maker McAfee, have asked their chief executive and other top executives to step down, even...
[February 2, 2007, 8:07]
Expect More Stock Option Cases, Warn Feds
News At a hearing here convened by the Senate Finance Committee, top officials from the Securities and Exchange Commission, Internal Revenue Service and Department of Justice's corporate fraud unit said they couldn't be sure how many of the companies...
[September 7, 2006, 9:55]
Apple Execs Reaped 'millions' In Unlawful Profits, Shareholders Allege
News The practice of repeatedly and consciously backdating stock options granted to Apple's executives and directors remained concealed from the public and its shareholders," the action against Apple alleges.
[August 23, 2006, 17:25]
Former CFO Quits Apple In Stock Options Probe
News Option grants made on 15 occasions between 1997 and 2002 appear to have grant dates preceding their approval, a practice known as backdating. In stock-option backdating, a company selects a favourable grant date for the options when the company's...
[October 5, 2006, 9:10]
Apple's Jobs Hit By Ex-CFO Stock Options Claims
News Former Apple chief financial officer Fred Anderson issued a statement on Tuesday claiming that he advised Apple chief executive Steve Jobs of the accounting implications of backdating in January 2001, contrary to Apple's previous statements that...
[April 25, 2007, 8:35]
Former Brocade Execs Face Stock Options Charges
News In a case with far-reaching implications for Silicon Valley, former top executives of Brocade Communications Systems are facing civil and criminal charges relating to allegations of stock option backdating.
[July 21, 2006, 8:35]
RIM Chairman Quits Over Stock Options
News The chairman of handset manufacturer RIM has resigned following an investigation into the backdating of stock options, but will stay on as co-chief executive and director of the BlackBerry-maker. Jim Balsillie, who had been the Canadian firm's...
[March 6, 2007, 12:11]
Apple Defends Jobs Amid Strong Financial Results
News Apple reported financial results far ahead of Wall Street's expectations on Wednesday, and the company's board of directors defended chief executive Steve Jobs' role in Apple's stock options backdating scandal.
[April 26, 2007, 9:49]
IPhone War Breaks Out - Cisco Sues Apple
Blog Perhaps the lawyers were all too busy trying to keep Steve's nose clean over the options backdating business - which, despite Apple's internal inquiry saying there's nothing to worry about, is still something to worry about.
[January 10, 2007, 22:35]
BEA Set To File Delayed Financial Reports
News BEA, like a number of technology companies, had to restate earnings because of accounting problems related to the backdating of stock options to its executives. BEA Systems plans to file its delayed quarterly and annual reports with the US...
[November 15, 2007, 11:08]
Paper Clips: Indian IT, Logica And Steve Jobs
Blog It reports that government investigators in the United States have privately condemned Apple’s internal inquiry into backdating stock options and have asked the computer company to hand over more documents detailing how executives were awarded the...
[January 24, 2007, 7:44]
Juniper Faces $900m Charge In Options Scandal
News This practice of backdating — in which the grant date of an option is moved to coincide with a low point in the value of a company's shares — appears to have been widespread in the dot-com and technology sector.
[December 21, 2006, 12:05]
Dell Cuts Bonuses And Reduces Management
News The company has not specified the exact nature of the accounting issues, but has said they involve revenue recognition, and they do not appear to be associated with the stock-options backdating practice that has ensnared hundreds of companies over...
[February 5, 2007, 9:17]
McAfee Sheds Top Execs Over Earnings Probe
News These investigations involve pricing options around the lowest trading range for the stock during the month they were approved rather than the date they were awarded, a practice known as backdating. McAfee announced on Wednesday that Dale Fuller is...
[October 11, 2006, 15:30]
Juniper Faces Delisting After Finance Probe
News By backdating stock options, a company could let an executive benefit from a lower share price and thus make their options more valuable. Juniper Networks faces being delisted from the Nasdaq share index after revealing the extent of irregularities...
[August 11, 2006, 13:35]
Dell Delays Results Leaving Spotlight To HP
News The investigation is not related to the stock-option backdating issues that have tripped up many technology companies this year, the representative said. Investigations into Dell's accounting practices have forced the company to delay the release...
[November 16, 2006, 7:41]
Michael Dell Takes Reins As Rollins Resigns
News The company has not specified the exact nature of the accounting issues, but has said they involve revenue recognition, and they do not appear to be associated with the stock-options backdating practice that has ensnared hundreds of companies over...
[February 1, 2007, 7:50]
Apple Celebrates Rosy Results
News Earlier this month, former chief financial officer Fred Anderson resigned as an Apple board member as the company disclosed more details about its investigation of potential backdating of stock options.
[October 19, 2006, 9:15]
Avoiding Apple's N-come Tax
Leader It could be that Apple wants to play it by the book as much as possible because of the ongoing Sox-based criminal investigation into the company's share options backdating scandal. As excuses go to soak the punter, Apple's latest wheeze deserves a...
[January 19, 2007, 13:53]
Rupert Goodwins' Diary
Blog The options backdating scandal has yet to be resolved at Apple — that it happened, is not in doubt. Wednesday 18/10/2006 Now look here. It's all very well accusing some of us online hacks of deliberately stirring up controversy in areas we know to...
[October 20, 2006, 19:20]
