Apple said today that an internal probe had discovered irregularities related to the issuance of stock option grants between 1997 and 2001. The company confirmed that one of the grants in question was to Apple CEO Steve Jobs, but said it was subsequently cancelled and resulted in no financial gain. Apple said it has notified the U.S. Securities and Exchange Commission and that a special external committee will perform an investigation. “Apple is a quality company, and we are proactively and transparently disclosing what we have discovered to the SEC,” said Jobs. “We are focused on resolving these issues as quickly as possible.”
Apple investigating stock option grant irregularities
By LC Angell
LC Angell was a senior editor at iLounge. Angell is known for her work on various aspects of the Apple ecosystem, including iPhone, iPad, and iPod. In his role at iLounge, Angell was responsible for a wide range of editorial content, including reviews, buyer's guides, news, and features.