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Such practices are frowned upon by the Securities and Exchange Commission.Apple's practice of backdating stock options began in 1997 and continued into January 2002.The board has expressed complete confidence in Steve and senior management.” But the incident did affect how the public viewed Jobs.Such a situation would rank as a public scandal for any large company.
However, Apple says there are "serious concerns" surrounding actions taken by two former officers in connection to the problems.
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.
Ultimately, the Apple stock-backdating scandal did not get pinned on Jobs.
In the aftermath, Apple spokesman Steve Dowling said: “Following an exhaustive independent investigation, the special committee found no misconduct by Steve Jobs or any other current management.