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CEO Steve Jobs apologizes for Apple Computer's stock option practices

CEO Steve Jobs apologizes for Apple Computer's stock option practices

Apple Computer Inc. CEO Steve Jobs apologized Wednesday for the company's past stock-option practices after a three-month investigation raised "serious concerns" in connection with the accounting, recording and reporting of grants.
The iPod and Macintosh computer maker also announced the resignation of former Chief Financial Officer Fred Anderson from the company's board of directors.
"I apologize to Apple's shareholders and employees for these problems, which happened on my watch," said Jobs, in a prepared statement. "We will now work to resolve the remaining issues as quickly as possible and to put the proper remedial measures in place to ensure that this never happens again."


Updated : 2021-07-26 08:14 GMT+08:00