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Apple CEO Jobs still in the clear | |
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| Time: 09:35 EST/14:35 GMT | News Source: Macworld UK | Posted By: Erick Cordero | ||
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The SEC has confirmed that it will not file an enforcement action against Apple in connection with its stock-options backdating investigation, despite Apple's CFO Fred Anderson's claims that Apple CEO Steve Jobs told him to backdate options. In a statement obtained by MacNN the SEC praised Apple for cooperating. The organization explained: Apple's cooperation consisted of, among other things, prompt self-reporting, an independent internal investigation, the sharing of the results of that investigation with the government, and the implementation of new controls designed to prevent the recurrence of fraudulent conduct. | ||
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