Jobs examination materials to accept U.S. Securities and Exchange Commission for the first time exposure
March 18, 2008, because of Apple stock options backdating scandal, Jobs accepted the U.S. Securities and Exchange Commission (SEC) investigation, but the testimony of Steve Jobs has not been announced. Until this week when the five, "Forbes," only under the "Freedom of Information Act" request, receive and release this material.
In this testimony, Jobs explained Apple's board of directors asked him why he and other executives to own a huge amount of options (mega grants). Jobs said the options granted in the Board of Directors approved the program, he how to implement their understanding of the mechanism is not. (This refers to Apple's board of directors issued a report on this meeting, in fact, it has not held back the date of the option does not refer to itself, this incident also led to Apple's former chief legal adviser Nancy Heinen by the Securities and Exchange Commission investigation, "Forbes" The testimony of Steve Jobs announced that with the case). However, in the published document, and no legal issues relating to the conduct in-depth.
Nevertheless, the document through the study of the testimony of Steve Jobs himself, the incident can be a lot of first-hand information. In this testimony can be found, how Steve Jobs and his own high level of concern for subordinates. For example, in 1997, Jobs founded NeXT be sold to Apple Computer.
After the sale, taking into account the "NeXT some Apple employees need to serve to help the development of Apple," he chose Apple as a consultant. As Apple's CEO duties, he himself very hesitant, because he did not want his employees Pixar's that "I have abandoned them."
Published in the paper, Apple's Steve Jobs also talked about the grant for each "super-critical" (ultra key) of one million U.S. dollars of stock options executives of the incident. These "super key" executives of the two companies came from NeXT. Jobs has been trying to motivate their executives affiliated to them that "Apple will be full of surprises and joy." But at the same time, his company's board of directors of Apple does not give the same attention to their own, some are "injured." So, Steve Jobs and Apple board of directors for the communication requirements at the time he is still in the "underwater" (underwater, refer to the implementation of the option price is higher than the stock market value) of 20 million options into 7,500,000 new options. Apple's board of directors subsequently agreed to the request of Steve Jobs. - 21396
In this testimony, Jobs explained Apple's board of directors asked him why he and other executives to own a huge amount of options (mega grants). Jobs said the options granted in the Board of Directors approved the program, he how to implement their understanding of the mechanism is not. (This refers to Apple's board of directors issued a report on this meeting, in fact, it has not held back the date of the option does not refer to itself, this incident also led to Apple's former chief legal adviser Nancy Heinen by the Securities and Exchange Commission investigation, "Forbes" The testimony of Steve Jobs announced that with the case). However, in the published document, and no legal issues relating to the conduct in-depth.
Nevertheless, the document through the study of the testimony of Steve Jobs himself, the incident can be a lot of first-hand information. In this testimony can be found, how Steve Jobs and his own high level of concern for subordinates. For example, in 1997, Jobs founded NeXT be sold to Apple Computer.
After the sale, taking into account the "NeXT some Apple employees need to serve to help the development of Apple," he chose Apple as a consultant. As Apple's CEO duties, he himself very hesitant, because he did not want his employees Pixar's that "I have abandoned them."
Published in the paper, Apple's Steve Jobs also talked about the grant for each "super-critical" (ultra key) of one million U.S. dollars of stock options executives of the incident. These "super key" executives of the two companies came from NeXT. Jobs has been trying to motivate their executives affiliated to them that "Apple will be full of surprises and joy." But at the same time, his company's board of directors of Apple does not give the same attention to their own, some are "injured." So, Steve Jobs and Apple board of directors for the communication requirements at the time he is still in the "underwater" (underwater, refer to the implementation of the option price is higher than the stock market value) of 20 million options into 7,500,000 new options. Apple's board of directors subsequently agreed to the request of Steve Jobs. - 21396
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