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Lie Research Cited in Apple CFO Resignation

The fall-out over the All-American Stock Options Scam continues, with Apple's former chief financial officer, Fred Anderson, resigning from the board. The company raised "serious concerns" over the actions of two former unnamed officers of the company in accounting for options awards between 1997 and 2002. Apple has uncovered stock option grants on 15 dates between 1997 and 2002 that appeared to have been backdated. The corporate stock options scandal was uncovered in research by ERIK LIE, a finance professor at the University of Iowa. The Register is published in the UK.

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