Steve jobs back dating stock options
Today, Apple continues to lead the industry in innovation with its award-winning desktop and notebook computers, OS X operating system, and i Life and professional applications.
Apple is also spearheading the digital music revolution with its i Pod portable music players and i Tunes online music store.
Early in 2009, reports circulated about Jobs' weight loss, some predicting his health issues had returned, which included a liver transplant.
Jobs responded to these concerns by stating he was dealing with a hormone imbalance.
Blissfully unaware of the legal firestorm raging around him, a mathlexic Fake Steve goes about his daily business, balancing meditation with the firing of employees while the Apple board of directors scrambles to avoid prison time and find a scapegoat.
CUPERTINO, California — October 4, 2006 — Apple® today announced that the special committee of its board of directors has reported its findings after a three month investigation into Apple’s stock option practices.In this tedious parody of the life of Apple founder Steve Jobs, the pseudonymous Fake Steve Jobs (identified in the New York Times this month as Forbes senior editor Daniel Lyons) offers a gleeful sendup of the real Steve Jobs set amid the recent stock options backdating scandal.Throughout, the fake Steve pontificates on everything from his superior management skills (only promote stupid people) to his role in the development of the i Phone (it involves a lot of non-thinking meditation), and is portrayed as a cold, callow narcissist.Management continues to believe, and the audit committee agrees, that Apple will likely need to restate its historical financial statements to record non-cash charges for compensation expense relating to past stock option grants.The company and its independent auditors are reviewing recent accounting guidance published by the SEC, and have not yet determined the amount of such charges, the resulting tax and accounting impact, or which periods may require restatement.