Report: Apple Executives Faked Stock-Option Documents

Report: Apple Executives Faked Stock-Option Documents - Apple's stock took a hit Wednesday after a report that company executives had made up details on stock-option administration documents to guarantee profits for certain executives. The report said falsified documents were unearthed by Apple's internal probe into the matter. Earlier this year, Apple said it had identified concerns with two former executives as a result of its investigation into its accounting for stock options, and the report names former chief financial officer Fred Anderson and departed general counsel Nancy Heinen as the subject of the probe, although it's unclear whether they are the ones thought to have falsified the documents. [OSNews]

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Reward and punishment beyond SEC ?

Companies that faked back dating on stock options are punished by SEC.

But any shake up on CEO may have monetary consequences on stock value.

Apple is not in clean room condition anymore.