05
October
2006
|
09:31 AM
America/Los_Angeles

Apple clears Jobs, Anderson leaves board without explanation



Apple has completed its internal investigation of stock-options improprieties and concluded that Steve Jobs knew about backdating of options but that he didn't knowingly receive any backdated options and didn't understand the accounting repercussions.


But the company also said that two former officers' dealings "raised serious concerns" and Fred P. Anderson, Apple's CFO during the backdating period, abruptly resigned from Apple's board without explanation. He said it was in Apple's "best interest" that he leave the board.

The Times reports, though, that spokesman Steve Downling said there may have been some "irregularities" in stock options granted to Jobs, but he wouldn't elaborate.

In its official statement, Apple listed the investigation's key findings:


In the statement, Jobs says:


I apologize to Apple's shareholders and employees for these problems, which happened on my watch. They are completely out of character for Apple. We will now work to resolve the remaining issues as quickly as possible and to put the proper remedial measures in place to ensure that this never happens again.