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  • Apple Says Options Probe Clears Execs

    12/29/2006 10:39:15 AM PST · by HAL9000 · 73 replies · 934+ views
    Associated Press ^ | December 29, 2006 | May Wong
    Excerpt - SAN JOSE, Calif. (AP) -- Apple Computer Inc. cleared Chief Executive Steve Jobs and the rest of its current management of misconduct involving stock option grants, despite Jobs' awareness of favorable grant dates. The company said Friday it has "complete confidence" in the executive team, though it also acknowledged the backdating of thousands of option grants and restated past earnings due to the results of its probe of options practices. In a filing with the Securities and Exchange Commission detailing its probe, Apple said Jobs was aware of, or recommended the selection of, some favorable grant dates but...