Backdating options steve jobs alternative dating site in canada
If you want to see a movie that Apple executives like, don’t go see “Steve Jobs: The Man in the Machine,” the documentary that opens today.
Two indictments have been issued and multiple guilty pleas have been entered in the most egregious cases. To a public corporation, the potential consequences of engaging in options backdating are manifold and can range from none whatsoever to having founders and CEOs going to prison. For example, in the case involving Brocade Communications, the SEC charged the former CEO and the former Vice President of Human Resources with criminally violating the securities laws.But while options backdating may have a truncated life expectancy, its current impact is robust.The SEC is investigating many companies, ranging from small to Fortune 500 companies, for options irregularities.It’s hard to understand why the head of such an enormous company would be so upset about Gizmodo writing a story about his lost i Phone.What do you think his fans will think of the movie?
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Although backdating had not yet been recognized as a problem, the provisions of Sarbanes-Oxley requiring that insiders report the acquisition of securities, including options, within two days of receipt greatly hindered the ability of corporations to backdate options.