$bbtitle
Apple Stock: 222.2499 ( -2.4001 )
RSS RSS Twitter Twitter
Search:
AppleInsider.com Archives News Bytes Reviews Anonymous Mailer Submit Story AppleInsider Forums Mac Prices Polls Advertise on AppleInsider Contact AppleInsider
Save over $300 on MacBook Pros and $150 on iMacs with special coupons: Mac Pricing Guide updated March 19th (Find the best prices on Macs).
Share
Tuesday, January 23, 2007

Apple chief executive questioned by U.S. authorities

By AppleInsider Staff

Published: 10:00 AM EST

Apple chief executive Steve Jobs was questioned by federal investigators last week regarding the company's stock options backdating, according several published reports.

Citing people familiar with the matter, both the San Francisco Chronicle and Bloomberg said Tuesday that Jobs was questioned by staffers from the Justice Department and the Securities and Exchange Commission.

Jobs arrived at the San Francisco federal building last week for the interview "flanked by lawyers," the Chronicle reported. However, those privy to the talks declined to reveal the specifics of what Jobs was asked or said.

Of particular importance to authorities is a grant for 7.5 million options issued to Jobs back in 2001 that was backdated by two months. In December Apple conceded that documents purporting to show a full board meeting had taken place to approve the remuneration, as prescribed by company guidelines, were later falsified.

In its report Tuesday, the Chronicle cited a person familiar with matter as saying Apple attorney Wendy Howell, whom the company dismissed in December, created the false documents at the instruction of Apple management.

Also at issue for authorities are over 6,400 additional company stock option grants which were similarly misdated. Apple said last month it would take an $84 million charge for bulk of the fortuitously granted options, but maintained that its own internal investigation into the matter turned up no wrongdoing by Jobs or any other member of its current management team.

Apple did say, however, that its investigation raised serious concerns regarding the actions of two former officers in connection with the accounting, recording and reporting of stock option grants. According to the Chronicle, Apple zeroed the probe on its own legal department. Nancy Heinen, the company's former general counsel, left Apple in May.

In a bizarre twist to the ongoing federal probe, the Chronicle also reported that Chris Steskal, the lead federal prosecutor in the government's probe into Apple, will leave the U.S. attorney's office in San Francisco next month to head up the white-collar practice with Fenwick & West. Apple is a client of Fenwick, and Heinen's husband, Dennis DeBroeck, is a partner there, the paper said.

The meeting between Jobs and federal investigators was first reported by The Recorder, a San Francisco legal newspaper.

27 Comments ] 
  Print ] [ Story Link ] 



Mac Poker players can play Full Tilt Poker for Mac and get 100% to $600 free with bonus code MP600, courtesy of Online Poker Mac
AppleInsider Features
Hot Forum Topics

Recent Articles
Steve Jobs teams with Calif. governor to push organ donor registry
Apple begins accepting iPad apps on the App Store
Briefly: Intel short on supply of MacBook Pro-bound processors
China Mobile knocks on Apple's door, seeks preferential treatment
Apple tables push for TV subscriptions on iPad, seeks 99 cent episodes
Apple's iPad secrecy leaves many developers handicapped
Release of Apple's Mac OS X 10.6.3 Update appears imminent
Apple has pre-sold "hundreds of thousands" of iPads
Apple preps 27-inch LED Cinema Display, dodeca-core Mac Pro
Apple director Jerome York passes away
Fascinating motion magazine demo highlights iPad's potential
Confident HTC says no plans to back down from Apple lawsuit
Amazon releases free beta of Kindle for Mac eBook reading software
Apple exploring iPhone audio text message, walkie-talkie feature
Apple director Jerry York in critical condition following collapse
iPhone devs can now automate app release dates, price changes
Apple to ban film-based screen protectors from company stores
Apple adds sharing features, iPad interface tweaks to iWork.com beta
Apple's iMac to account for 25% of global desktop growth in 2010
iPad prompts changes to way magazines count circulation
Apple asks developers to test fonts in latest Mac OS X 10.6.3 beta
NPR, WSJ plan Flash-free Web sites for Apple iPad
'Fake Steve Jobs,' 'Seinfeld' scribe team for Silicon Valley comedy
Apple delays iPad keyboard dock, power adapter until May
First-gen iPhone, Droid sold 8 times better than Nexus One debut
39% of BlackBerry owners say they'd switch to an iPhone
High prices make Apple reluctant to strike longterm NAND flash deals
Apple-Google battle heats up with key hires on both sides
February Mac sales up 43%, Apple on track for 2.9M in quarter
Apple's Steve Jobs gets OK to raze dilapidated mansion
Startup developers represent one in five on Apple's App Store
Microsoft exec says Apple's HTC suit 'is not necessarily a bad thing'
Preorders for Apple iPad slow after 120K first-day rush
NYT: Steve Jobs feels Google betrayed Apple by mimicking iPhone
Apple to replace iPads in need of new battery for $99
Former P.A. Semi chief leaves Apple for chip startup - report
Roughly 10% of Microsoft employees said to be iPhone owners
Apple COO Tim Cook awarded $22 million bonus
iPad: 50,000 sales in 2 hours, Apple TV bumped, mysterious app icon
Tight iPad supply has Apple turning down volume orders for businesses

 
Advertisements








AppleInsider RSS Feed
AppleInsider © 1997-2008
Please review our Privacy Policy.
Written/Edited/Compiled by the AppleInsider Staff.