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SEC Settles with Anderson, Pursuing Heinen
![]() As followup to the ongoing backdating story at Apple, Reuters reports that former Apple CFO Fred Anderson has settled with the SEC regarding the backdating issues surrounding Apple. The settlement includes a $150,000 fine and repayment of option gains of about $3.5 million. This settlement avoids any admission of wrongdoing from the former CFO. Meanwhile, it appears that the SEC will pursue legal action against former general counsel Nancy Heinen. Quote:
Last edited by Doctor Q; Apr 24, 2007 at 01:26 PM. |
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#2 |
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The year where we hear just as much or more about Apple Executives and Stock scandals than we do about new products. 2007, It's just the beginning.
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I know this because Tyler knows this.
You are not a beautiful snowflake. You are the same decaying matter as everything else. |
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#3 | |
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Which just might mean another month, then done. Woot!
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Five exclamation marks, the sure sign of an insane mind. --Terry Pratchett Last edited by dernhelm; Apr 24, 2007 at 10:03 AM. Reason: typos |
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#4 |
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Why on earth can you "settle" with the government? It's funny how you can basically buy your way out of being a criminal. You pay them $3.5 million and now nothing happened? "I knowingly tried to steal millions of dollars from Apple's shareholders, but yeah, I'm not guilty because I'm giving it to the government instead". Ah, the American Way.
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Go outside, the graphics are amazing! |
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#6 |
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I wish I was rich. You poor stockholders would be my personal playthings, and then I can bribe the gub'mint. I kid, you guys are great.
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Bill: "W-what's that?" > Steve: "It's an iHouse!" > Bill: "But it's got no windows." > Steve: "Exactly! Hahahaha...hahahahaha!" |
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#7 | |
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I say we throw the lot out and start from scratch! Any volunteers for CEO?
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"2012" Mac Pro 6-Core |
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#8 | |
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#9 |
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Like I said. A slap on the wrist.
3.5 million is like nothing to them. Makes me sick. -Clive |
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#10 |
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Whatever happened to the good old days when they put people in stocks and kids threw manure and tomatoes?
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Bill: "W-what's that?" > Steve: "It's an iHouse!" > Bill: "But it's got no windows." > Steve: "Exactly! Hahahaha...hahahahaha!" |
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#11 |
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It could be that much for one's legal TEAM. This also avoids him going to jail and he never admitted any wrong doing for the mere price of 3.5 mils.
err ****ing edits |
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#13 |
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Maybe we could spell Nancy's last name the same throughout the article. If we are going to report bad news about her, we could at least get her last name right.
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I agree 100%. America, the land of hypocrites!
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Mac Pro 2.66, 23" ACD, 20" Dell 2005FPW MacBook Pro 2.2 CORE 2 DUO Power Mac G4 MDD 1.25 Dual
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#15 |
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You can settle with the government because if you admit you're guilty and spare them the cost of the judges, court time, laywers, etc, they'll agree to give you a less stiff penalty.
I mean, these are white collar crimes, nothing that bad ever happens to these people. Might as well save me the tax dollars, she didn't pull a Ken Lay or anything.
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We are the Macintosh. Lower your firewall, and surrender your PC. We will add your cultural distinctiveness to our own. Resistance is futile. |
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#16 |
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"Yes, your honor, I knew I was putting money in my pocket, I just didn't realize it belonged to anybody!" Mind you, this is the man who walks into meetings with Disney, record companies, hardware companies, and f's them in the a**. And has been doing it for 30 years! Didn't understand the 'implications??!?' Yeah, right! Last edited by Amdahl; Apr 24, 2007 at 11:45 AM. Reason: typo |
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Looks like some of these folks wont be able to go out to lunch for a week or so. Some of these execs make way too much money. I bet shockholders see little or none of the money.
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Security is a state of mind, Nothing can ever be fully secured and be functional. Therefore iBricks are fully secured. Last edited by Rower_CPU; Apr 24, 2007 at 03:48 PM. Reason: post merge - use the edit button |
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#19 | |
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[QUOTE=Macrumors;3579412]
![]() The settlement includes a $150,000 fine and repayment of option gains of about $3.5 million. QUOTE] Quote:
"Repayment" = giving it back to the company (and therefore the stockholders) ($3.5M). |
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#20 |
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Come ON!
Yawn!!!
Great reporting really it is. I am glad that I can get news on Apple's other related happenings. But.... Where is my 12" MacBook Pro/13" MacBook with no polycarbonate case and backlit keyboard and dedicated graphics memory? (>_<) Where is my iPod HD with all functions and body construction like iPhone without the phone part and flash based HDD at 32 - 64GB? (>_<) Where is my 24" iMac with Quad Core chip and 1TB Hitachi HDD? (>_<) Ouch... my head hurts from all that squinting.
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What do I have?, stuff that I actually use for work! Some old, some new, all effective. |
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What do I have?, stuff that I actually use for work! Some old, some new, all effective. |
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#22 |
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Wall St. Journal
The Wall Street Journal is now posting the following text under the banner 'Breaking News' on the site's home page:
"Former Apple CFO Fred Anderson issues statement blaming Steve Jobs for backdated options grant. Full article coming soon." |
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#23 | |
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"2012" Mac Pro 6-Core |
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#24 |
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A millionaire being allowed to give back his piles of ill-got loot with a slap on the wrist and no admission of guilt?
Whew! We were all worried there for a moment that Fred might get mistreated. Thank god that even the nobles get properly handled. |
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#25 |
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good thing jobs isn't having anything brought against him, positive news.
and why is everyone getting upset over him having to repay 3.5 mil and what not and getting away with it? lifes not fair deal with it. if you had millions of dollars and they went "well...if you do this this and this you can avoid jail time" you'd do it in a heart beat too guy worked hard to get where he is at, I'm fine with him or anyone else being able to pay off whoever to get out of trouble. its just the way things are, everyone would do it if they had that kind of cash/power |
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