Apple and backdating
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?
“It’s not a reflection of the Steve I knew.” Director Alex Gibney might take that as an endorsement. I recognize a lot of myself in him, in the fact that I work very hard, probably to the detriment of the time I spend with my family.
In his mind, his movie is a necessary counterbalance to overly positive portrayals of Apple’s iconic leader. they sent us emails saying, “We’re sorry, but we do not have the resources to deal with your requests.” So I felt like we should all pitch in to help Apple develop those resources. And the people in my company also work very very hard. And also there was a kind of questing for perfection.
In the first instance, Apple granted 4.8 million options to six members of its Executive Team (including Heinen) in February 2001.
Because the options were in-the-money when granted (i.e.
So he had to have a little talk with them about swapping his 20 million then-underwater options for 7.5 million new ones, which they did. I was trying to help Apple by getting some of the Ne XT people into some jobs where they could help Apple, and that’s pretty much all I was doing. Apple eventually restated its earnings by million after taxes due to improper grants made from 1997 to 2002.While the company admitted that its chief executive, Steve Jobs, was aware of, and had recommended, some favorable grant dates but he neither benefited financially from them nor ”appreciated the accounting implications.” In a separate administrative proceeding against her, Heinen also agreed to a suspension of her ability to appear or practice before the SEC as an attorney for three years.There aren’t too many revelations on the legal front in the document. So I took the title of interim CEO and agreed to come back for 90 days to help recruit a full-time CEO.
But the document provides the first detailed account of the incident from Steve Jobs himself in his own words. I was very concerned that Pixar was a newly public company with shareholders, employees, and I felt that – – to my knowledge there had never been a CEO of two public companies before. Former Apple general counsel Nancy Heinen has accepted a series of sanctions and agreed to pay .2 million to settle backdating charges filed against her, the Securities and Exchange Commission said Thursday.