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Trouble for Apple

December 28, 2006 at 07:15 | Print This Post Print This Post

This has not been a good week for Apple. First, news that documents central to the Apple stock option backdating story may have been falsified by company officials - reportedly the former GC and CFO. Now, news that internal documents (the same, presumably) were falsified in connection with grants issued (and since surrendered) to Steve Jobs. Update: More from the NYT, which also notes that Apple’s former GC is represented by Cristina Arguedas, who acts for HP’s Ann Baskins. Further update: The much awaited Annual Report, just filed, apparently contains smoke, but no fire.


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2 Responses to “Trouble for Apple”


  1. Mathew Ingram (45 comments.)
    December 28th, 2006 at 14:08

    I hate to say “I told you so” (actually, I love doing that), but it doesn’t surprise me at all that there’s more to the Apple options story than the initial reports, most of which poo-poohed the idea that it was any big deal. And when I suggested that Steve was involved — even in a limited way — I got slammed for it by legions of Apple fanboys.


  2. Rob Hyndman (319 comments.)
    December 28th, 2006 at 14:11

    Nothing gives me more pleasure than providing opportunities for you to say “I told you so”. :)

    This case gives me a sick feeling in the stomach …. really, “don’t go there”, please, folks.