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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

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To: Jon Koplik who wrote (147471)	2/6/2008 1:16:48 PM
From: Jon Koplik	Read Replies (1) of 152472

More on Apple Computer / Steve "I'm going to jail !" Jobs ............................... I realize that I am a bit "slow" to have just read this, but ... Here is something from the Summer 2007 issue of "Harvard Law Bulletin," quoting a HLS faculty member's comments in a 1/6/07 WSJ piece (on Steve "I'm going to jail !" Jobs) law.harvard.edu Inside Jobs Professor Lucian Bebchuk LL.M. ’80 S.J.D. ’84 The Wall Street Journal, Jan. 6 [2007] “Apple Computer announced a week ago the conclusions of a special board committee that examined the ‘improper dating’ of over 6,000 option grants during 1997-2002. The committee found no basis for having less than ‘complete confidence in [CEO] Steve Jobs and the senior management team,’ placing full responsibility for past problems on the company’s former CFO and general counsel. But the company’s report fails to dispel concerns about Apple’s governance. ... In particular, Mr. Jobs received in 2002 an award of at-the-money options to buy 7.5 million Apple shares, roughly 2 percent of the total shares then outstanding. The grant was backdated by two months, which significantly increased the award’s value. Surprisingly, Apple did not disclose the backdating of this large CEO grant in October when it announced the committee’s ‘key findings.’” © 2007 President and Fellows of Harvard College.

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