It's not a reflection of the Steve I knew." Here's CNN's summary of the documentary: The captivating film leverages a mix of the new interviews with archival footage, intimate photos and relatively rare video of Jobs speaking during media interviews – and previously unseen video from a legal deposition as Jobs attempted to explain his role in the Apple stock option backdating scandal.
“Companies that have lower values are competing for employees with companies with stronger equity,” said Robert Finkel, a partner with the Boston-based law firm of Morse, Barnes-Brown & Pendleton PC.On Tuesday, CEO Elon Musk said that he didn't consider a recent crash in Florida of one of its cars while in Autopilot mode that caused a death to be "material" to the company's stock price.Then, Wednesday, we learned that Tesla did mention the Autopilot crash as a risk factor in its prior 10-Q filing.Such exchanges, which let employees trade nearly worthless options for new options or restricted stock, have been proposed or implemented by at least 10 publicly traded companies so far this year, according to proxy-advisory firm Institutional Shareholder Services—up from seven last year, and three in 2014.Options repricing surged in popularity after the dot-com bust in the early 2000s, then again following the financial crisis in 2009, when many employee stock options became underwater: The company’s stock had fallen way below the price at which they had the right to buy shares.The former top Apple legal aid also reportedly faces SEC actions because of allegations she approved the falsification of documents that led to the backdated grant to Jobs. "In the interim, Heinen and Anderson discussed an appropriate date for the options, sources say, and decided that it would appear improper to use the Jan.Sources told the paper that she ordered Wendy Howell —an in-house Apple lawyer —to handle the Jobs documents, which included the fabrication of Board meeting minutes to show the board approved the Jobs grant on Oct. In addition to the December 2001 grant to Jobs, the reports that the SEC is targeting Heinen and former Chief FInancial Officer Fred Anderson for a January 2001 option grant approved by Jobs for top Apple executives, including both Heinen and Anderson. 2 date, when the shares closed at .80," according to the report. 31, when the stock was at about a share." People familiar with the evidence in the case told the the Jobs does not appear to have been involved in the decision to settle on the Jan. They also say that Heinen holds no damaging information against Jobs, offering further evidence the Apple chief may avoid legal repercussions from the company's backdating mess.