Apple chief executive Steve Jobs
Steve Jobs has apologised to shareholders and employees

Jobs knew about Apple option back-dating

Investigation prompts former financial boss to resign as board member

Shaun Nichols in California

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". 

Advertisement

"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.

  • Have your say
  • Send to a friend
  • Print
  • Digg
  • Reddit
  • Share

Tags:

Do you agree?

Related whitepapers

Related jobs

Most watched

Xperia X1

Video Review: Sony Ericsson Xperia X1

First Looks Editor Ian Williams gets hands on with the Sony Ericsson Xperia X1

iPhone

Video Review: iPhone 3GS

We put Apple's latest iPhone through its paces

IT white papers

Search white papers

Top categories

Poll

Poll: Summer smartphones

Poll: Summer smartphones

Which smartphone will you be taking to the beach this summer?

View poll results

Advertisement

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Spotlight

Top 10 IT thrillers

Off-the-wall innovations that make life as easy as 1-2-3

Windows logo

What does Windows 7 mean for Microsoft?

With the sting of Vista still fresh, Redmond has to...

david cameron

V3.co.uk weekly debrief, 10 July 09

This week Conservative Party plans for decentralised data storage and...

Small office

SME tech sales tough despite projected success

Midmarket organisations still tend to rely on manual processes

Primary Navigation