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To: Bucky Katt who wrote (32747)	1/16/2007 3:48:45 AM
From: joseffy	Respond to of 48461

US 'investigating options grant' to Apple chief executive Monday January 15, 2007 By mailroomuk@zdnet.com (Reuters) Federal authorities are investigating a backdated stock option grant awarded to Apple chief executive Steve Jobs that carried a false October 2001 date, The Wall Street Journal reported on Friday, citing people familiar with the matter. Apple's board approved the 19 October, 2001, grant at a meeting on 29 August, with an exercise price of $17.83 (£9). The final terms of the grant were set on 18 December, and the price was changed to $18.30. Apple shares were trading at $21.01 on that date. The approval for the grant "was improperly recorded as occurring at a special board meeting on 19 October, 2001", Apple said in a filing on 29 December, 2006. "Such a special board meeting did not occur." Apple took a $20m charge for the grant, the company said, reflecting the difference between the grant price and the actual stock price on 18 December. The Journal cited people familiar with the matter as saying that the false documentation was created by an Apple attorney named Wendy Howell, whom the company dismissed last month. Howell contends that Apple's general counsel at the time, Nancy Heinen, instructed her to create the false documentation, the Journal cited sources as saying. While at Apple, "Ms. Howell acted as instructed by Apple management and with the company's best interest being paramount," the Journal quoted Howell's attorney, Thomas Carlucci, as saying. Howell was previously identified in an article posted on the Law.com Web site. Carlucci and an Apple spokesman were not immediately available for comment. Howell could not be reached. _________________________________________________ Apple has toxic core: Greenpeace UK News Yahoo! ^ \| 1/15/2007 \| Emmet Ryan Despite Apple's launch of the eco-friendly iPhone last week, Greenpeace is demanding an environmental revolution that will shake the company to its core. In his keynote address at MacWorld, Apple's chief executive Steve Jobs said the iPhone would be recyclable and partially solar powered, but the environmental lobby demonstrated near the site of Apple's expo in San Francisco. Greenpeace activists projected giant images of the contaminated Asian scrapyards where the group claims many electronic products, including those made by Apple, end up. The activists projected images onto a wall above an Apple retail outlet of electronics being melted down, taken apart and apparently releasing toxic chemicals. Greenpeace activists have maintained a blog on the campaigning organisation's website that discusses events at the expo. Jobs poked fun at Greenpeace's criticism of the company during a slideshow when launching the new iPhone. He said the lobby group should "get out of the computer business [and] go save some whales." This recent exchange between the two parties is the latest to result from Greenpeace's ongoing campaign against Apple's environmental practices. The environmentalist group claims Apple is lagging behind other electronics companies, who have made commitments to 'green' their products. ENN reported in August that Greenpeace criticised Apple when it published its Guide to Greener Electronics. The guide is designed to help consumers and businesses gauge how environmentally considerate tech vendors are when planning a purchase. Rather than focusing on recycling, the group claims the toxic chemicals used by tech suppliers should be the main issue considered by anyone wishing to buy eco-friendly computers and other devices. The report criticised Apple's performance in this regard and claimed the company could do more to match its environmental record with its hip and trendy image. _______________________________________________________________