Erik Lie Comments On Steve Jobs Future
Bookmark & ShareMarch 25, 2007
Source: San Francisco Chronicle
Will Steve Jobs lose his job in the stock-option backdating scandal? Companies routinely backdated the exercise price to a date before an earnings report, and less frequently, before a product introduction, said ERIK LIE, a professor at the University of Iowa's business school, who has reviewed other companies caught in the stock-options scandal. Unlike other companies being investigated, Apple's stock was not at its lowest when Steve Jobs was given options. Then again, some companies "didn't pick the lowest price because it'd look too suspicious every time," Lie said. "I believe a lot of decision-makers are clever about this. They don't want to be too greedy."
Contact: Erik Lie, ,
Return to top of page