Claims Of Backdating Follow Steve Jobs Around
from the wherever-he-goes dept
Steve Jobs has been in the news a lot lately for his stance on DRM, and before that for unveiling the much-anticipated iPhone. Today he's in the news again for a story he'd rather just go away. Sources known to the Wall Street Journal are saying that in 2001, Jobs was involved in negotiations at Pixar to furnish Toy Story director John Lasseter with a stock options grant dated three months before the deal was signed. And it just so happened that the date they selected was a recent low for the stock. This isn't the first time that rumors of Jobs' involvement in stock options backdating at Pixar have surfaced, and of course he continues to be dogged by claims that the same thing happened at Apple. So while other executive have lost their jobs, Jobs has done a good job of casting himself as not having been closely involved with the practice. Now that more is coming to light about his actions, at both of his places of employment, it's going to be harder for him to make this claim.