Steve Jobs stock worries grow

SEC looks into Pixar option deal

Written by Shaun Nichols in California

Advertisement

Apple chief executive Steve Jobs has been drawn into a second stock options investigation.

While serving as the head of Pixar Inc Jobs allegedly signed off a "well-timed" stock option deal with director John Lasseter in 2001, according to the Wall Street Journal

Lasseter is credited with helping turn Pixar into an animation powerhouse, having directed Toy Story, Toy Story 2 and A Bug's Life.

The options were reportedly given as part of a 10-year deal with Lasseter, who was awarded stock options priced at Pixar's lowest point of the previous year, three months before the actual day the contract was signed.

The back-dated options reportedly netted Lasseter an extra $6.4m in potential profit.

Pixar was sold to Disney in 2006, netting Jobs a position on the company's board and Lasseter a spot as chief creative officer at Disney's animation studios.

Jobs is already mired in a stock options probe with Apple Inc, which is under investigation for back-dating stock options awarded between 1997 and 2002. The adjusted reports from the scandal ended up costing Apple $84m.

An internal probe cleared Jobs of any wrongdoing, and the company maintains that neither Jobs nor any current members of Apple's executive team was implicated in the scandal. The US Attorney General's office is currently investigating the case.

Tags:

Further reading

Related whitepapers

Related jobs

Do you agree?

Most commented stories

IT white papers

Search vnunet IThound

Top categories

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Watch

05 Sep 2008

8.64 MBPodcast Special: Views from the Valley More...

Podcast image

04 Sep 2008

12.7 MBComputing podcast 4 September 2008 More...

Podcast logo

02 Sep 2008

8.39 MBEco-Entrepreneur Podcast: Bulldog More...

Poll

INTERNET EXPLORER 8

INTERNET EXPLORER 8

Are you intending to download Internet Explorer 8 when it becomes available?

Previous poll results

Spotlight

LogMeIn Rescue+Mobile

BlackBerry gets LogMeIn remote support

Rescue+Mobile lets a support technician take control of the handset   More...

Dell manufacturing plant

Dell planning factory closures to cut costs

Report claims that PC maker is looking to sell off...  More...

Google Chrome

More growing pains for Chrome

Google wrestles with licensing and security problems   More...

Smartphone

US takes 3G crown from Europe

Americans finally catch up with Europeans in adoption of 3G   More...

Primary Navigation