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Former CFO fingers Jobs in stock options scandal
For a while there, it looked like Apple CEO Steve Jobs was going to escape from the ongoing stock options scandal scot free. Mr. Jobs's luck may be running out, however: former Apple CFO Fred Anderson, who was dismissed by the company in 2004, has come out publicly to implicate Jobs in the scandal. A statement from Anderson's lawyer states that "Fred cautioned Mr. Jobs that the Executive Team grant would have to be priced based on the date of the actual Board agreement or there could be an accounting charge. He further advised Mr. Jobs that the Board would have to confirm its prior approval in a legally satisfactory method. He was told by Mr. Jobs that the Board had given its prior approval and the Board would verify it." From the looks of it, Apple legal is planning to fight this one out in court but this statement could still prove quite incriminating.
For more on the scandal:
- see this Engadget article
- and this New York Times article
For the full statement from Anderson's lawyer:
- see this WSJ article (sub. req.)
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