Apple has revealed details of an internal investigation into a stock option back-dating scandal.
In a filing with the Securities and Exchange Commission, the company disclosed that chief executive Steve Jobs was "aware of the illegal practice".

Investigation prompts former financial boss to resign as board member
vnunet.com, 06 Oct 2006
Apple has revealed details of an internal investigation into a stock option back-dating scandal.
In a filing with the Securities and Exchange Commission, the company disclosed that chief executive Steve Jobs was "aware of the illegal practice".
"I apologise to Apple's shareholders and employees for these problems, which happened on my watch. They are completely out of character for Apple," said Jobs.
Apple claims that the investigation found no wrongdoings by any current member of Apple's management, including co-founder Jobs.
The investigation centred on 15 stock option grants given out between 1997 and 2002.
Apple said that the grants appear to have been given dates earlier than when they were actually issued, resulting in a financial profit for the recipients of the options.
The investigation forced former chief financial officer Fred Anderson to resign from his current position as a board member. He served as chief financial officer from 1996 until 2004.

Remote access - Three steps to getting connected
3.4 million UK professionals now work from home – is your company equipped?

Cost benefits of a global collaboration network
This white paper is a must read for organisations looking for evidence of the bottom-line benefits of high-definition video and voice communications
Keep up to date with the latest products, services and technologies from the world's leading IT companies; IThound.com brings you over 6,000 white papers, case studies and analyst reports.

We chat to Mike Maddison, UK head of Security, Privacy...

Update designed to give mobile users a richer, more personalised...

More thoughts on how servers can help manage overload
Do you agree?
Have your say on this article