It’s hard to understand why the head of such an enormous company would be so upset about Gizmodo writing a story about his lost i Phone.What do you think his fans will think of the movie?Most biographies of Jobs mention the backdating story, and incidents like his fight with Gizmodo, after the site got its hands on his i Phone prototype. That’s something Steve would bring up over and over again: Values.In the context of his values, I think the stories are symbolic.On June 7, 2007, the company said the SEC issued a formal probe order related to its stock-options grants.(Headlines)The Dallas technology outsourcer acknowledged May 10, after a preliminary internal probe, that it had issued executive stock options that carried "effective dates" preceding the written approval of the grants.“It’s not a reflection of the Steve I knew.” Director Alex Gibney might take that as an endorsement. I recognize a lot of myself in him, in the fact that I work very hard, probably to the detriment of the time I spend with my family.
That allows Gibney to play rare — and fascinating — footage of Jobs parrying with Securities and Exchange Commission lawyers during a 2008 deposition. Here’s an excerpt of that conversation: Your film doesn’t have any on-camera interviews with current Apple employees, or anyone who didn’t end up distanced from Jobs in some significant way. In that SEC deposition, where he’s talking about how, when he wasn’t given a bigger stock option package by the board, he felt hurt — that just struck me like, you’re a very very powerful guy, and the board didn’t do what you wanted to do by themselves, and you’re hurt? That seemed like a person who couldn’t get outside himself. Is that because you thought they were telling, or because you could talk to people who would talk about it, or both? This film really looks very carefully at his values.
Brocade was just one of many tech companies which came under SEC investigation for distorting their earnings starting in the late 1990s by not disclosing this kind of executive compensation.
Even Apple's Steve Jobs came under scrutiny from the feds.
The company also said its board has appointed a special subcommittee of independent directors to conduct an internal review of the companys historical stock-option grant practices. 25 the company said it appears likely that actual measurement dates for certain historical stock-option grants will be found to differ from the recorded grant dates for such awards.
As a result, it is possible that Activision will be required to record additional stock-based compensation expense related to stock-option grants.