Steve Jobs, CEO of Apple Computer Inc. (AAPL) apologized for a stock options scandal that happened while he was at the helm.
Originally Jobs was considered as one of the executives that received grants in a maneuver of stock prices and dates to increase the likelihood that employees would turn greater profits.
But in this WashingtonPost.com article it states Jobs did not "receive or otherwise benefit from these grants," the Cupertino, Calif., company said in a statement after the markets closed.
Apple disclosed in June that Jobs had received one of the grants, but it was eventually canceled and he did not profit from it. Jobs was "unaware of the accounting implications" of the stock maneuvers, the company said, a conclusion that could provide him some regulatory cover. Read the rest of the article.
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