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Apple has turned over its findings to the SEC, including those covering the the two unnamed former officers whose actions "raised serious concerns." There is also a chance that the stock options problem could result in Jobs' exit from the company, but many observers believe that is unlikely, as it would not be in the best interest of either Apple or its shareholders.When the matter eventually ends up in court, Apple’s former general counsel pays .2 million to settle charges that she backdated stock options for Jobs, herself and others — and created fake paperwork to hide this fact.Apple Computer has concluded an internal investigation into backdated stock options and found that while CEO Steve Jobs was aware of the practice, he did not personally benefit from it.Over the summer, we learned that Apple had engaged in backdating and springloading stock options in an attempt to increase the value of stock option grants.The public perceived Apple as the “good” underdog in tech, as opposed to other presumably “bad” companies.During his March 18, 2008, deposition, taken at Apple’s Cupertino HQ, Jobs said, “It wasn’t so much about the money.” Instead, he said it was more about being “recognized by his peers.” He said he “felt like there is nobody looking out for me, you know.” But it didn’t necessarily appear that way to onlookers.The lower this “strike price,” the less the executive pays for the stock.

Apple is among more than 160 companies that have owned up to stock option backdating — handing options to executives and other employees at exercise prices that were set in hindsight at favorable levels — a scandal which has led to the departure of a number of chief executives.Today, we’re used to the fact that Apple can be both a shrewd business titan and a “force for good” in the world.The Apple stock-backdating scandal was one of the first times these two seemingly opposite poles — Apple’s countercultural ethos and the realities of big business — collided.All three companies will be forced to restate earnings for the periods in question, which can be a laborious and time-consuming process.It is possible that Apple could face more than a slap on the hand from the SEC, as in some instances, backdating and springloading options can result in criminal charges of fraud.

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