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

NY TIMES NEWS SERVICE , NEW YORK

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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