Backdating scandals second


23-Dec-2017 23:14

It took until December that year for terms to be agreed upon.At that point, Apple’s stock price stood at .01.I count no fewer than 38 top executives at 19 high-tech companies that have bit the dust over this stuff.We're talking top executives at big-name companies like Apple, Altera, Broadcom, Brocade, Cirrus Logic, Comverse, KLA-Tencor, Maxim, Mc Afee, Rambus, Sanmina-SCI, Take Two, Trident, Verisign, and Vitesse. That's serious fallout considering that options backdating is legit as long as the company reports it and accounts for it accurately.In the end, the Apple stock backdating scandal did not get pinned on Jobs.

That means the company incurs an expense equal to the difference in the share price between the two dates.

If you cover it up and fail to report that expense, the way Apple's folks allegedly did, well, that amounts to accounting fraud.



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