An probe into stock choice irregularities by Apple has crystallize its current executive team of any wrongdoing , although CEO Steve Jobs was incur to be mindful or recommended favorable Cary Grant dates , the company said in its regulatory filing with the Securities and Exchange Commission .
base on the finding of the independent investigation , Apple will take an additional non - cash charge of $ 84 million , after revenue enhancement . This charge includes $ 4 million , $ 7 million and 10 million in fiscal years 2006 , 2005 and 2004 respectively .
While Jobs was aware of the Grant , the probe concluded that he did not financially benefit from any of the Ulysses Grant . The limited citizens committee set up up to investigate the irregularity raised concern regarding the actions of two former officer in connexion with the account statement , recording and reporting of descent choice Ulysses Simpson Grant .
While the investigation did not name the officers , Fred Anderson , former master fiscal officer release from the display board in October as the company announced the internal investigation ’s oddment . He said then he believed it was in Apple ’s skillful interest for him to resign . Nancy Heinen , former fourth-year vice chairwoman and general counsel left the society , quietly and without comment , in May . At the time , a company spokesman confirm she had go out , but could n’t say why .
“ The board of conductor is positive that the company has corrected the problems that led to the restatement , and it has complete confidence in Steve Jobs and the senior direction squad , ” said Al Gore , chair of the special committee , and Jerome York , chairwoman of Apple ’s Audit and Finance Committee , in a joint affirmation .
Apple began its investigation into the stock option grants in June 2006 .
Apple stock is trade up 3.77 percent or $ 3.05 at $ 83.92 .
