Lie Comments on Apple's Jobs Backdating Investigation
Bookmark & ShareJanuary 11, 2007
An internal investigation at Apple recently cleared CEO Steve Jobs of any wrongdoing in a potential stock options backdating scheme. ERIK LIE, an options expert at the University of Iowa, says, "Apple has carefully released some information -- not so much as to fall into a trap but enough to tease the media and investors." He says that the extent of Jobs' involvement is still unclear and that Jobs can claim ignorance, as others have done. "But there will be continuous pressure on Apple to reveal more information," says Lie. "And if it doesn't, ongoing investigations might."
Contact: Erik Lie, ,
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