Thursday, August 28, 2008

Toothless SEC-8

"Nancy Heinen, the former general counsel at Apple Inc., agreed to pay $2.2 million to settle charges by the U.S. [SEC] over backdated stock options. ... Under terms of her settlement, Ms. Heinen neither admitted nor denied wrongdoing in connection with grants to executives including Mr. Jobs", my emphasis WSJ, 15 August 2008.

Another SEC enforcement division triumph.

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