Pixar options probe clears Jobs

Summary:Although Disney discovered options backdating at Pixar the company has cleared Steve Jobs of any wrongdoing.

Although Disney discovered options backdating at Pixar the company has cleared Steve Jobs of any wrongdoing. According to SiliconValley.com:

An internal investigation concluded that Pixar backdated stock options before Walt Disney acquired the film studio, but "no one currently associated with the Company engaged in any intentional or deliberate acts of misconduct," according to a statement issued by Disney's chairman Friday.

He's still not out of the woods yet however. Jobs has been under scrutiny for his role in granting Apple stock options since he admitted last year that he was aware the company was backdating stock options given to executives and employees and that he helped pick favorable dates.

Topics: Apple

About

Jason D. O'Grady developed an affinity for Apple computers after using the original Lisa, and this affinity turned into a bona-fide obsession when he got the original 128 KB Macintosh in 1984. He started writing one of the first Web sites about Apple (O'Grady's PowerPage) in 1995 and is considered to be one of the fathers of blogging.... Full Bio

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