Apple probe finds stock option grant irregularities
Apple Computer said on Thursday that an internal investigation has discovered irregularities related to the issuance of certain stock option grants made between 1997 and 2001.
A special committee of Apple's outside directors has hired independent counsel to perform an investigation and the company has informed the Securities and Exchange Commission.
"Apple is a quality company, and we are proactively and transparently disclosing what we have discovered to the SEC," said Jobs. "We are focused on resolving these issues as quickly as possible."
Apple executives have been instructed to offer no further comments on the matter until the independent investigation is concluded.
27 Comments
Was this topic necessary?
Was this topic necessary?
Yes, dummy, because SEC investigations are serious, and the financial impact of governmental fines would affect the company.
Because it regards AAPL.
Was this topic necessary?
Yes, because Apple is a quality company.
This news caused AAPL to drop between $1-2 during after market trading. See AAPL Summary Quote at Nasdaq.