Thursday, October 12, 2006

Maybe Jobs should pay up...

Whether or not Steve Jobs improperly benefitted from the backdated options really depends on whether Apple restates it's past earnings to account for costless shares (as far as earnings statements go) they gave him in return for him not having gained anything from the options they initially awarded him. It's worthwhile to note that he didn't really receive any other compensation (asides from a private jet, I think).

We'll know by October 18th, hopefully, when they announce their latest quarterly earnings.

SOURCES: Bloomberg [via TUAW], FASB

I currently own some Apple shares, but I probably won't sell them until after the earnings are released for all the stuff I've been posting and even then for some [innocuous] work reasons.

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