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In the mids, an investigation by the Securities and Exchange Commission resulted in the Although this practice gave the senior executives significant stock holdings, since the grant was issued at-the-money, the share price had to. In the finance world, backdating usually refers to the practice of changing the dates Typically, the grant date of the stock options is the same as the date of the.
The string of options-backdating cases showed how difficult it was to the practice of backdating stock options came to light seven years ago. With the U.S. Attorney's Office for the Northern District of California confirming that it's investigating Apple's backdating of stock options, it's clear.
In one of the Steve Jobs obituaries there is this reference to the backdated options scandal at Apple. In he was granted stock options. SEC Charges Trident Microsystems, Inc. and its Former CEO and Former CAO with Stock Options Backdating (SEC v. Trident Microsystems.