Former Apple CFO Leaves Board Following Stock Option Investigation

Former Apple Chief Financial Officer Fred Anderson resigned Oct. 4 from the company’s board of directors following a three-month investigation into alleged irregularities in the way the company distributes stock options to executives. Mr. Anderson, who served as CFO from 1996 until 2004, informed the company that he believes it is “in Apple’s best interests that I resign from the board at this time”.
Apple Computer also announced that the special committee of its board has reported its findings from the investigation into Apple’s stock-option practices.


  1. 2006-10-05 11:53 pm
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