Reply #10: Apple chief's stock options [View All]

did not have proper board approval

http://www.forbes.com/home/feeds/afx/2006/12/27/afx3285045.html

Steve Jobs, chief executive of Apple Computer, was given 7.5 mln stock options in 2001 without the required authorization from the company's board, the Financial Times quoted sources as saying.

The newspaper said in its online edition that records that purported to show a full board meeting had taken place to approve Jobs' remuneration, as required by Apple (nasdaq: AAPL - news - people )'s procedures, were later falsified.

It added that 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 unnamed people familiar with the matter.