Sun, Aug 06, 2006 - Page 11 News List

Apple shares fall on options woes

IRREGULARITIES Investors looked askance at the high-tech giant after an independent probe said the firm's financial statements in the last few years were unreliable


In 2000, Jobs took on the title of chief executive, and the board awarded him the stock option grant and a Gulfstream V jet. In 2003, the option grant was swept aside, but Jobs was awarded 5 million restricted shares of Apple stock, vesting in three years.

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