Business

Apple Ex-CFO Blames Jobs For Backdating

Just in from the Wall Street Journal: Former Apple finance chief and board member Fred Anderson blamed Apple CEO Steve Jobs for a backdated 2001 options grant, saying he warned Mr. Jobs it could result in an accounting charge and that Mr. Jobs had provided assurance that the company’s board had previously approved the grant. […]

Just in from the Wall Street Journal:

Former Apple finance chief and board member Fred Anderson blamed Apple CEO Steve Jobs for a backdated 2001 options grant, saying he warned Mr. Jobs it could result in an accounting charge and that Mr. Jobs had provided assurance that the company's board had previously approved the grant. Mr. Anderson said the grant date was selected by Mr. Jobs and former Apple General Counsel Nancy Heinen.

Mr. Anderson issued the statement after he agreed to settle SEC charges over his alleged role in the backdating. Mr. Anderson agreed to pay $3.5 million in fines and penalties, without admitting or denying guilt. The SEC also filed charges against Ms. Heinen. Her attorneys have vowed to fight the case.

Attorney for Fred Anderson Issues Statement Regarding Settlement of Claims with the SEC [Business Wire]