apple news/media reports

04/25/2007, 4:50pm, EDT

Wednesday, April 25th

Apple Board supports Jobs, rebuffs CFO claims

Ahead of its quarterly earnings call, Apple's Board of Directors today issued a statement flatly rejecting accusations made by ex-Apple CFO Fred Anderson against CEO Steve Jobs, insisting that the company had acted in good faith and that the Securities and Exchange Commission's decisions on Tuesday validated its actions. "We are not going to enter into a public debate with Fred Anderson or his lawyer," the statement reads. "Steve Jobs cooperated fully with Apple’s independent investigation and with the government’s investigation of stock option grants at Apple.

"The SEC investigated the matter thoroughly and its complaint speaks for itself, in terms of what it says, what it does not say, who it charges, and who it does not charge. We have complete confidence in the conclusions of Apple’s independent investigation, and in Steve’s integrity and his ability to lead Apple."

The statement was credited as representing several of the Board's members, including Google's Eric Schmidt and former US Vice President Al Gore.

Anderson had used his legal representative to suggest that Jobs was complicit in the questionable stock options backdating that led to the SEC probe, having allegedly warned the CEO in January 2001 of what the correct procedure should be but also being overridden by the Board of Directors.


Filed under: Apple

, , comment, del.icio.us, slashdot, digg, buzz


post a comment
Reader Reactions (Please use <i></i> for italic text)

subscribe to comments
for this article




Expand All   Global Settings
Be the first to post comments on this story.
Your Comments

In order to post comments: If you are a registered member, please login with your MacNN Forums username and password otherwise please uncheck the checkbox below.


Registered Member?
macnn forums login:

macnn forums password:

Not a member of the MacNN forums? Register now for free.

RSS Feeds

Have the latest content delivered to your desktop via RSS. Use the links below to get access to a specific blog, news, or reviews feed.



  MacNN -all

  MacNN Reviews

  MacNN Podcasts

  iPodNN

  Electronista

  Left Lane News
Want To Sell Your Laptop? Any Condition - receive Top Cash. Get an instant quote. Free shipping www.CashForLaptops.com
Buy from The Apple Store, iTunes.com, Amazon.com, TechDepot, OfficeDepot, Computers4Sure, or donate.