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Apple fired lawyer who wrote Jobs option award

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Nomad559 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-06-07 01:44 AM
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Apple fired lawyer who wrote Jobs option award
http://news.com.com/2061-10793_3-6147801.html?part=rss&tag=2547-1_3-0-20&subj=news

Apple last year dismissed an in-house lawyer who filled out the paperwork on a controversial 2001 stock-option award to Apple Computer CEO Steve Jobs, according to a report from The Recorder late Friday.

The report, published on Law.com, claims that Wendy Howell was the Apple attorney who wrote the paperwork that awarded Jobs stock options with a favorable grant date designed to inflate their value, a practice known as backdating that is the subject of numerous federal investigations. The same outfit caused a sharp spike in Apple's stock over the holiday break with a report that Apple executives falsified documents to make the grant, two days before Apple admitted that was true in its delayed annual report.

Howell no longer works for Apple, according to the report. It identifies her as the attorney who conjured up the minutes of a board meeting that outlined the terms of Jobs' grant. That meeting never took place, Apple said in its annual report filed with the SEC.
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Atman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-06-07 02:03 AM
Response to Original message
1. Bummer
Wendy Wendy Wendy...you give lawyers a bad name. And do realize how tough that is to do?

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