Former Apple CFO resigns

Apple said the investigation, which involved scanning 650,000 emails interviewing more than 40 current and former employees, raised “serious concerns regarding the actions of two former officers” in connection with the options.
While the company did not mention names, former Apple CFO Fred Anderson separately announced his resignation from Apple’s board of directorsWednesday. Mr. Anderson served as CFO from 1996 to 2004. It’s unknown if Apple will seek to fill Mr. Anderson’s seat. In late August, Google CEO Eric Schmidt joined the company’s board.
Apple CEO Steve Jobs was found to have been aware that favorable grant dates had been selected in some cases, but Mr. Jobs did not benefit from any of the grants nor was he aware of the accounting implications, Apple said.

There seems to be a lot of damage control going on here, though Steve Jobs doesn’t seem to be involved in any of this this. While I’m not to familiar with SEC regulations and laws, I don’t see this  really hurting Apple at all and Steve Jobs no doubt, want’s this whole issue put to rest.

From Think Secret


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