Backdating stock options steve jobs Cam sex meet

Even Apple's Steve Jobs came under scrutiny from the feds.

Reyes' defense was that he signed off on the backdated options without intent to deceive, and he thought the company's finance group had properly disclosed the backdating in the annual reports.

(Fortune Magazine) -- Did Steve Jobs backdate the options he got as Apple's CEO?

I doubt it, based on the evidence I've seen, though the company admits it backdated some other employees' options.

Seems to me what he really did with his options was probably legal - and incredibly dumb for a guy who was making Apple one of the all-time great business turnarounds and America's seventh-most admired company.

Thus, the option becomes "in the money", meaning there was a built-in profit on the underlying stock, on the grant date.

He noted that the tech bubble burst in 2000 had left many companies hurting, including Apple, which dropped from a peak of down to .

In 2003, stock options granted to employees "seemed completely worthless," he wrote.

Basically, a stock option is a contract right to purchase an amount of stock at a set price for a period of time.

For instance, if a stock was worth a share, a stock option may grant an option holder the right to purchase

Thus, the option becomes "in the money", meaning there was a built-in profit on the underlying stock, on the grant date.

He noted that the tech bubble burst in 2000 had left many companies hurting, including Apple, which dropped from a peak of $36 down to $7.

In 2003, stock options granted to employees "seemed completely worthless," he wrote.

Basically, a stock option is a contract right to purchase an amount of stock at a set price for a period of time.

For instance, if a stock was worth $10 a share, a stock option may grant an option holder the right to purchase $1,000 shares at $10 a share for a period of 5 years.

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Thus, the option becomes "in the money", meaning there was a built-in profit on the underlying stock, on the grant date. He noted that the tech bubble burst in 2000 had left many companies hurting, including Apple, which dropped from a peak of $36 down to $7.In 2003, stock options granted to employees "seemed completely worthless," he wrote.Basically, a stock option is a contract right to purchase an amount of stock at a set price for a period of time.For instance, if a stock was worth $10 a share, a stock option may grant an option holder the right to purchase $1,000 shares at $10 a share for a period of 5 years.

,000 shares at a share for a period of 5 years.

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