Reality Distortion Field Dented

Posted on June 30th, 2006 by mike

Apple Computer uncovered what it called “irregularities” related to certain stock options … issued between 1997 and 2001, and involve one grant to Chief Executive Steve Jobs … in at least one instance of grants in the period, options were dated immediately before an event that fueled a rally in the company’s stock price. That was on Aug. 5, 1997, when Apple issued options on 162,357 shares. The following day Microsoft announced it would invest $150 million in Apple.

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