Posted by: macintoshsisters | December 30, 2006

History of Apple Options Controversy

Aug. 29, 2001: Apple’s board of directors gives preliminary approval to 7.5 million stock options for chief executive Steve Jobs.

Oct. 19, 2001: A board meeting allegedly takes place at which stock options with an exercise price of $18.30 are approved. The price reflects the market value of the underlying shares on that day. Apple later admits the meeting never happened.

Dec. 18, 2001: The stock options are finalized, on a date when the exercise price should be $21.01. Instead, the options bear the exercise price of $18.30.

FULL article at WashingtonPost

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