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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: KeepItSimple who wrote (59732)12/27/2006 11:34:34 PM
From: cirrus  Read Replies (1) | Respond to of 213182
 
The reason this smacks of news manipulation... the article doesn't say who "handed" the 7 million options to Mr. Jobs. One doesn't reach into a drawer, grab a handful of options and "hand" them out like candy. Nor could Jobs simply reach in and "take" them. There is certain paperwork required and until that happens the options don't exist in the real or legal sense.

According to an Apple filing in 2002, the options under review were handed to Mr Jobs in October 2001, at an exercise price of $18.30 a share. However, the purported board authorisation was dated near the end of the year...