Apple CEO Steve Jobs gets subpoena to talk about backdating Stock Options
The big news today is that Apple Inc. (AAPL) CEO Steve Jobs got subpoenaed to give a deposition by the SEC. The deposition will be given for a lawasuit against the company's former general counsel involving stock options backdating.
Acording to a Bloomberg report The SEC is trying to get all the information it can against former Apple general counsel Nancy Heinen, who was sued on April 24 for backdating option grants to Jobs and other executives.
We're not exactly sure when this deposition will occur but it's got some Apple investors shaking in their boots because of what could potentially happen during the deposition.
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