Apple Computer CEO Steve Jobs apologizes for company’s practice of “backdated” employee stock options. Jobs was aware of “a few instances” of the practice, Apple said. The company’s chief financial officer at the time of the grants has resigned from Apples board of directors, Apple announced Wednesday. Apple believes it will have to restate its past SEC filings in order to record charges for its option grants, Jobs said. The company is working “to ensure that this never happens again,” Jobs said.”]
Source: https://www.csoonline.com/article/2121120/apple-rsquo-s-jobs-knew-of-stock-option-backdating.html