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What is backdating?
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How Jobs dodged the stock option backdating bullet - CNET
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- Backdating: Insight Into a Scandal
- However, the amount of people that knew about the scandal and kept quiet shows that there was not a significant enough reward for ethical action.
- Apple's Options Backdating Scandal
- Options backdating - Wikipedia
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Today in Apple history: Stock 'backdating' scandal hits Steve Jobs | Cult of Mac
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- There may have been other directors and executives who were interlocked with boards that had also previously participated in backdated options.
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- And, he did not directly benefit from the backdated options because they were canceled and exchanged for restricted shares.
- Of course, they may have actually been pushed on their swords by their boards, but let?
- The problem with this practice, according to the SEC, was that stock option backdating, while difficult to prove, could be considered a criminal act.
- The settlement is further problematic in that the vast majority of class members are entitled to zero compensation; it is far from clear that the sole lead plaintiff is a member of this subclass.
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