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Apple Execs to Pay Back $14M to Settle Stock Option Suit

Posted by Bob on: 09/11/2008 06:24 PM [ Print | 0 comment(s) ]

Apple CEO Steve Jobs and several other senior executives and board members have agreed to settle a lawsuit that claimed the company was damaged by their role in Apple's mishandling of stock option awards. Because of the structure of the lawsuit, insurers representing Apple's directors and officers will pay the iPod and Macintosh maker $14 million.

Apple Execs to Pay Back $14M to Settle Stock Option Suit

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