Backdating investigation lesbian dating questions

They are completely out of character for Apple," said Steve Jobs, Apple's CEO."We will now work to resolve the remaining issues as quickly as possible and to put the proper remedial measures in place to ensure that this never happens again."The company also announced that Fred Anderson, Apple’s former CFO, has resigned from its board of directors. Anderson, who served as CFO from 1996 until 2004, informed the company that he believes it is in Apple’s best interests that he resign from the board at this time.The widespread practice of backdating executive stock options has drawn strong criticism of the public and also serious attention of the regulators.Other than pure luck and insider manipulation, I conjecture some backdating is rational.Additionally, companies can use backdating to produce greater executive incomes without having to report higher expenses to their shareholders, which can lower company earnings and/or cause the company to fall short of earnings predictions and public expectations.

Otherthan pure luck and insider manipulation, I conjecture some backdating is ra-tional.

Companies may backdate options in many circumstances, but must account for them as a higher expense than merely granting current-dated options, as there's a negative effect on the equity of a firm's shareholders.

An academic researcher and The Wall Street Journal blew the lid off this widespread and long-running practice; executives at other firms were indicted, sued by shareholders, fired, or all three.

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