J. R. Ransom's taosmultimedia.com - Apple Takes Options Charge, Backs Jobs in SEC Filing

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Apple Tech News

Apple Takes Options Charge, Backs Jobs in SEC Filing

Hoping to end the stock options backdating scandal that has dogged it for months now, Apple Friday filed a delayed annual report with regulators, said it would take an US$84 million charge to recognize changes in option values and said an internal investigation found CEO Steve Jobs did not benefit from the stock dating shenanigans. Apple said Jobs was aware that some options backdating had occurred, but had not personally gained financially from such activity.

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Read more at: http://www.macnewsworld.com/rsstory/54936.html.

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