J. R. Ransom's taosmultimedia.com - New Revelations in Options Probe Hit Apple Shares

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Apple Tech News

New Revelations in Options Probe Hit Apple Shares

Apple shares fell again Thursday after a published report suggested CEO Steve Jobs had been granted stock options without the knowledge of the company's board of directors and that the company may have falsified documents to cover up the misdeed. Apple reportedly granted Jobs 7.5 million stock options dated November 2001, a month before the board of directors met to vote on the options. The timing could suggest that the options were improperly authorized and backdated to maximize the financial benefit to Jobs.

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