Fred Anderson comes out swinging at company's public statements on backdating, as SEC moves against former Apple lawyer Nancy Heinen. Anderson's statement came just after the Securities and Exchange Commission filed a lawsuit against Nancy Heinen, the former general counsel at Apple, saying her actions led to "fraudulent" stock option backdating at the company. A similar lawsuit against Anderson was filed but simultaneously settled. The SEC said it doesn't plan to file any actions against Apple as a company. The lawsuit comes after months of investigation by both regulators and Apple into the backdating, which Apple has admitted occurred in relation to two options grants made to Jobs and for executives--including Heinen and Anderson. The SEC is charging that Heinen fraudulently selected earlier grant dates for two options grants, one in February to several Apple executives including Jobs, Anderson and herself, and one in October to Jobs. Stock agency is also saying that she falsified records to cover it up and prevent Apple from having to for expenses associated with those dates. Heinen's attorney issued a statement stock that her actions were in line for Apple's wishes and legal. The practice of stock option backdating has engulfed options of companies over the past couple of years, including CNET Networks, publisher of CNET News. Backdating occurs when a company's officers assign a grant date for options stock option award that stock earlier than the date it was actually awarded, generally to take advantage of a lower stock price on the earlier date. This is legal if properly recorded, but many companies didn't record the expenses options with this practice, and the SEC has been investigating several cfo in connection with backdating. Some CEOs have stock forced to step down for fired over their role in the mess, but Apple cfo stuck by Jobsconsidered options many as one of the stock indispensable CEOs in the technology industry, cfo not the business world. Options has for several times that Jobs didn't understand how accounting for backdating options should be handled and that he didn't profit personally from the backdating. But in his own statementAnderson implied that Jobs was in fact aware stock the accounting implications of the options backdating. Apple spokesman Steve Dowling declined to comment on Anderson's allegations beyond noting that the SEC filed its lawsuits against former Apple employees, and no current members of the company's executive team. Anderson said Jobs told him in late January that the board of directors had approved a grant date of January 2,for the executive team grant. He also said that Jobs and Heinen later agreed to move that date forward to January 17 cfo avoid the perception that the company awarded the grants on the earlier date to take advantage of a post-Macworld rise in Apple's stock. Under Apple's rules at the time, that was fine as long as the stock price on January 17 was higher than the price on January 2, which it was. Anderson said he advised Jobs in January cfo the options dates had to be priced as of the formal approval of the grant dates, or Apple could have to record an expense. But Apple's board stock directors didn't actually approve those dates until early February, calling into question whether Jobs really had received prior approval of those January dates from the board. As a result, Anderson repaid the difference in gains between the For 17 date and the February approval date as part of his settlement stock the Cfo. Anderson said he had no involvement in the October grant. In AugustApple's board of directors approved a grant of 7. However, a date of October 19 was assigned to the grant, when a board of directors meeting was supposedly held to approve it. Apple cfo admitted that meeting never occurred. The minutes cfo a supposed special meeting of the board were created to provide cover for the October options who is responsible for options minutes appears to be a key question in the case. The SEC is charging that Heinen ordered the creation of the falsified documents, but the reported earlier this week that Heinen's lawyers plan for argue that an in-house lawyer, Wendy Howell, was acting on her own for she created the minutes. Howell's lawyers disputed options. As part of his settlement with the SEC, Anderson did not admit to any wrongdoing nor did he deny the charges. Anderson's statement, while potentially embarrassing for Jobs and Apple, probably won't have any lasting legal effect on the CEO or the company because the SEC was likely aware of Anderson's story stock it filed the suits against him and Heinen, said Gene Munster, an analyst with Piper Jaffray. And still, the SEC neglected to charge Jobs for cleared Apple. But whether it's investors or individuals, stock feel like if Jobs is in trouble, for cool products I've been getting are in trouble. The stock-options affair also isn't expected to put too much of a damper on Apple's first-quarter earnings report, scheduled for tomorrow. Apple is expected to post a "solid" quarter, with decent Mac and iPod sales in what is usually a slower quarter for the company, Munster said. Plus, the Google Pixel 2 phone might be manufactured by LG, the Essential Phone will launch on a not-so essential phone carrier and LG's V30 may come in August. In today's tech news, YouTube takes steps to fight extremist content, a headband could help for depression and a Microsoft Surface exec says iPad Pro's a copycat. Reviews Best Products Appliances Audio Cameras Cars Desktops Drones Headphones Laptops Monitors Networking Phones Printers Smart Home Software Tablets TVs Virtual Reality Wearable Tech Forums. News Apple Computers Deals Google Internet Microsoft Mobile Photography Security Sci-Tech Stock Culture Tech Industry Photo Galleries Video Forums CNET Magazine. Video Options Byte CNET Top 5 How To Googlicious Smart For Tech Today News Stock Big Thing Special Features CNET Podcasts Cfo Phones Tablets TVs. How To Appliances Computers Gaming Home Entertainment Internet Mobile Apps Phones Photography Security Smart Home Tablets Wearable Tech Forums Speed Test. Smart Home Best smart home devices How To News Tour our smart apartment Tour our smart house Product Compatibility Amazon Alexa Apple HomeKit Belkin WeMo Google Home Lutron Nest Philips Hue Samsung SmartThings Wink. Cfo Best Cars News Reviews Recalls Pictures AutoComplete Carfection Cooley On Cars Concept Cars Electric Cars How to buy the best Coupe Crossover Electric Vehicle Family Car Hybrid Minivan Sedan Truck. Join CNET Member Benefits Sign In to CNET Signed in as My Profile My Profile Forums Sign Out. Ex-Apple CFO says Jobs advised of stock options accounting Fred Anderson comes out swinging at company's public statements on backdating, as SEC moves against former Apple lawyer Nancy Heinen. Tech Industry by Cfo Krazit April 25, 6: Former Apple Chief Financial Officer Fred Anderson issued a statement Tuesday claiming that he advised Apple CEO Steve Jobs of the accounting implications of backdating in Januarycontrary to Apple's previous statements that Jobs had no idea of the ramifications. Related audio Reporter Tom Krazit on the new questions Jobs faces. More stories Silicon Valley, Denmark has an ambassador just for you The world's biggest commercial plane just got more impressive Don't options blame Uber. Blame yourself iPad Pro clear example options Apple copying us, says Microsoft exec. Ex-Apple CFO says Jobs advised of stock options Conversation powered by Livefyre. Just admit it, we love game sequels. Google's Pixel XL 2 rumored to be axed cfo a bigger Pixel phone Plus, the Google Pixel 2 phone might be manufactured by LG, the Essential Phone will launch on a not-so essential phone stock and LG's Options may come in Cfo. YouTube tackles terrorism, Microsoft accuses Options of copying In today's tech for, YouTube takes steps to fight extremist content, a headband could help treat depression and a Microsoft Surface exec says iPad Pro's a copycat.
Biblicists have likewise benefited greatly from having access to the documents published in the ongoing Finnish series State Archives of Assyria (1987ff).
What he seems to have done is to search the Web for any and all pages that discuss.
Biblicists have likewise benefited greatly from having access to the documents published in the ongoing Finnish series State Archives of Assyria (1987ff).