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02-Jul-2020 09:25

However, Apple’s former CFO Fred Anderson, who was on Apple’s board, and general counsel Nancy Heinen, did have complaints made against them.Ultimately, Anderson resigned and Heinen paid a .2 million fine without admitting liability.The lower this “strike price” is, the cheaper the executive can buy the stock.When these options “vest” after a period of time, the executive can sell them at the new share price.It plans to correct the years before 2002 through opening balance adjustments.that it has improperly dated options from 1981 through 2000 – the longest backdating stretch known to this writer.It took until December that year until terms were finally agreed upon, at which point Apple’s stock price was .01.Backdating was then carried out to give Jobs a lower share price which, on paper, made him million richer.

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Some people even suggest Jobs might have to step down as Apple CEO. Stock options are frequently tied into executives’ compensation, giving them the option of purchasing a certain amount of stock at a set price.Some have speculated that Apple could unveil its phone at the Macworld Expo, an event held every January that Apple has often used to showcase new products.



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