Friday, June 30, 2006

Apple Fanboys sell back their stock Options

Slashdot | Apple Investigated Over Stock Options
"Apple has joined the list of over fifty companies (most in Silicon Valley) that possibly mishandled stock options by backdating them. The technique is not illegal, but it can cause a company to improperly deduct employee compensation expenses and result in an underpayment of taxes. So far, Apple is conducting the investigation itself, but it has notified the SEC.

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