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News of the irregularities, which is expected to be revealed in a regulatory filing by Apple before the end of this week, will add to pressure that has been growing on one of Silicon Valley’s most highly-regarded companies since the middle of 2005.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.Jobs’ remuneration, as required by Apple’s procedures, were later falsified.These are now among the pieces of evidence being weighed by the Securities and Exchange Commission as it decides whether to pursue a case against the company or any individuals over the affair, according to these people.In his three-hour interview with the Securities and Exchange Commission, Jobs claimed he was ignorant of the backdating and accounting consequences, adding that he was pressured to ask for a generous stock-options package because his board was not supportive of him."Everybody likes to be recognized by his peers," Jobs told an SEC lawyer, according to the Forbes report.
Records that purported to show a full board meeting had taken place to approve Mr.Jobs, Anderson said, told him not to worry because the board of directors had approved the maneuver.Regulators said the action allowed Apple to avoid million in expenses.However, the purported board authorization was dated near the end of the year, suggesting that the benefits were both not properly authorized and were backdated. Jobs later surrendered his options before they were exercised, implying that he did not gain any direct benefit from them.
He was later given a grant of restricted stock by the company instead.I thought I was doing a pretty good job."In 2006, the SEC accused Apple of backdating — the act of dating a grant of an employee stock option prior to the date that the company actually granted the stock option — to under-report its expenses by million.