Seems the backdating issues mentioned in the Options book that Rico just finished reading were truer than he thought: "Former Apple Inc. general counsel Nancy Heinen has agreed to settle charges leveled by the U.S. Securities and Exchange Commission that she helped backdate stock options for company executives, including CEO Steve Jobs, court documents released today showed. Heinen will pay nearly $2.2 million, most of it representing profits on stock gains and interest on that money, and will be barred from serving as an officer or director of a publicly traded company for five years, according to a settlement document filed in a California federal court Thursday. As part of the settlement, Heinen neither admitted nor denied any wrongdoing... In October 2006, Jobs was cleared of any wrongdoing by an internal company investigation, although he was aware of the backdating and later apologized to shareholders, saying that the problems were "completely out of character for Apple."
Rico says he neither admits nor denies any wrongdoing, ever...
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