And who did you consider to be these ultra key people? [Timothy Cook] who at the time I think was our Executive Vice President of Operations, maybe sales and operations, actually. But Jobs wasn’t just rewarding his lieutenants, he was trying to keep them.

sec investigation stock options backdating companies-17

The company and its independent auditors are reviewing recent accounting guidance published by the SEC, and have not yet determined the amount of such charges, the resulting tax and accounting impact, or which periods may require restatement.

The company continues to proactively inform the SEC of its findings.

But the document provides the first detailed account of the incident from Steve Jobs himself in his own words. I was very concerned that Pixar was a newly public company with shareholders, employees, and I felt that – – to my knowledge there had never been a CEO of two public companies before.

What comes through in the deposition is how Jobs sees himself and his’ fierce loyalty to those who work for him. So I felt if I took the job, the Pixar shareholders and employees would think I was abandoning them.

And I was also concerned that [REDACTED] and [REDACTED] two very strong technical leaders, were also very vulnerable.

And I was very concerned because Michael Dell, one of our chief competitors, had flown Fred Anderson, our CFO, down to Austin, I guess, him and his wife, I think, to try to recruit him. Well, I talked with the board almost every meeting about, you know, key personnel, because I think that’s the key asset Apple has, is its talent .

Apple initiated this voluntary independent investigation after a management review discovered irregularities in past stock option grants.• In a few instances, Apple CEO Steve Jobs was aware that favorable grant dates had been selected, but he did not receive or otherwise benefit from these grants and was unaware of the accounting implications.• The investigation raised serious concerns regarding the actions of two former officers in connection with the accounting, recording and reporting of stock option grants.

The company will provide all details regarding their actions to the SEC."I apologize to Apple's shareholders and employees for these problems, which happened on my watch.

Two of those ultra key people, Rubinstein and Tevanian, came from Ne XT. But everybody likes to be recognized by their peers, and the closest that I’ve got, or any CEO has, is their Board of Directors. So I was hurt, I suppose would be the most accurate word, and, you know, the board had given me some options, but they were all underwater.

So I wanted them to do something and so we talked about it.

The company and its independent auditors are reviewing the findings of the independent investigation.