Stock backdating definition

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During his March 18, 2008, deposition, taken at Apple’s Cupertino HQ, Jobs said, “It wasn’t so much about the money.” Instead, he said it was more about being “recognized by his peers.” He said he “felt like there is nobody looking out for me, you know.” But it didn’t necessarily appear that way to onlookers.Today, we’re used to the fact that Apple can be both a shrewd business titan and a “force for good” in the world., which broke the backdating story, Jobs’ award of 7.5 million shares got approved at Apple’s August 29, 2001, board meeting. However, Jobs continued to argue over the point at which the options would vest.That resulted in Apple missing the deadlines for filing the proper information with the SEC and its auditors. Ultimately, it seems Jobs swapped these options for restricted stock of lesser value.He was, after all, advertised as being a

During his March 18, 2008, deposition, taken at Apple’s Cupertino HQ, Jobs said, “It wasn’t so much about the money.” Instead, he said it was more about being “recognized by his peers.” He said he “felt like there is nobody looking out for me, you know.” But it didn’t necessarily appear that way to onlookers.Today, we’re used to the fact that Apple can be both a shrewd business titan and a “force for good” in the world., which broke the backdating story, Jobs’ award of 7.5 million shares got approved at Apple’s August 29, 2001, board meeting. However, Jobs continued to argue over the point at which the options would vest.That resulted in Apple missing the deadlines for filing the proper information with the SEC and its auditors. Ultimately, it seems Jobs swapped these options for restricted stock of lesser value.He was, after all, advertised as being a $1-per-year CEO.The public perceived Apple as the “good” underdog in tech, as opposed to other presumably “bad” companies.

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During his March 18, 2008, deposition, taken at Apple’s Cupertino HQ, Jobs said, “It wasn’t so much about the money.” Instead, he said it was more about being “recognized by his peers.” He said he “felt like there is nobody looking out for me, you know.” But it didn’t necessarily appear that way to onlookers.

Today, we’re used to the fact that Apple can be both a shrewd business titan and a “force for good” in the world.

-per-year CEO.The public perceived Apple as the “good” underdog in tech, as opposed to other presumably “bad” companies.

In settling with the SEC, the former Comverse CFO consented to, among other sanctions, a permanent injunction against violation of the securities laws, a permanent bar against serving as a corporate officer or director, and payment of .4 million in disgorgement and pre-judgment interest.In addition, we propose that CEO vulnerability positively moderates the relationship between stock option backdating gains and executives’ risk taking behavior.Using a matched sample design, our empirical results support the house money effect predictions.Today’s “Today in Apple history” is significant, though, because it was one of the big scandals that rocked Apple during its big climb back to the top in the mid-2000s.In the end, the Apple stock backdating scandal did not get pinned on Jobs.When the matter makes court, Apple’s former general counsel pays .2 million to settle charges that she backdated stock options for Jobs, herself and others — and created fake paperwork to hide this fact.

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