Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, April 24, 2007

Fired Apple CFO Points Finger at Jobs

Fred Anderson, the fired Apple CFO who today settled SEC charges in connection with the backdating scandal for $3.5 million, issued a statement through his attorney in which he stated that he warned Steve Jobs that changing the date of the stock option would result in an accounting charge and that Jobs told him the board had approved the change.  See WSJ, Statement From Fred Anderson.

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