Apple Board closes ranks around Steve Jobs following spiteful Anderson attack
Apple’s Board of directors have closed ranks around Steve Jobs after he was attacked by his fomer finance chief Fred Anderson, who says he warned Jobs about the problems with the infamous 2001 options grant.
Apple Board Members Bill Campbell, Millard Drexler, Albert Gore Jr, Arthur D. Levinson, Eric Schmidt and Jerry York released the following statement:
We are not going to enter into a public debate with Fred Anderson or his lawyer. Steve Jobs cooperated fully with Apple’s independent investigation and with the government’s investigation of stock option grants at Apple.
The SEC investigated the matter thoroughly and its complaint speaks for itself, in terms of what it says, what it does not say, who it charges, and who it does not charge. We have complete confidence in the conclusions of Apple’s independent investigation, and in Steve’s integrity and his ability to lead Apple.
Anderson went on the offensive soon after he agreed to pay $3.5 million in fines and penalties without admitting or denying guilt.
He said he warned Jobs that the 2001 options grant could result in an accounting charge and that Jobs had assured him that the Apple Board had previously approved the grant.
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October 3rd, 2007
It’s fine to report the news, but you dont need to go out of your way to defend Steve from Fred’s “attacks” : he’s been pretty spiteful to others too. The way he treated Woz and some of Apple’s early employees is just despicable.