To: sandeep who wrote (68954 ) 9/21/2007 11:55:14 AM From: Lizzie Tudor Read Replies (1) | Respond to sandeep Jobs isn't different. Thats the problem. But what I am trying to tell you is that this was not considered a crime, then. Don't you remember what it was like in 2000? There was NO perceived value to stock options, none! What the feds are doing is retroactively applying laws that apply TODAY, to THEN, using some arcane wording that existed in the GAAP rules that people had been ignoring for 30 years. So a large corporate oversight- what to do- the answer is initiate a suite of FINES and move on!Hid the practice of backdating employee stock options plans to their finance dept when in fact their VP accounting felt that no expensing was required. Is it OK for the justice department to LIE to a jury in your mind? This is what *every* company is now going to face, including MSFT.The prosecution tries to defend its arguments by claiming that BOSSI never advised Mr. Reyes that look-backs were permissible. That is a straw man, because the defense never argued that BOSSI had so advised Mr. Reyes.2 Rather, the defense proved that BOSSI had advised the Human Resources department that look-backs within the quarter were permissible. BOSSI did because he ??thought that it might be allowable to ??look back?? within a fiscal quarter in the context of the committee of one.?? (7/13/07 BOSSI 302, at 1); see 11/29/05 interview at 8 (??BOSSI did not initially see the look-back as posing any major accounting issues as long as a grant was made within the quarter. ??).
