Results of a three month internal investigation by the Apple board has resulted in the revelation that stock option grants made between 1997 and 2002 on 15 dates preceded the approval of the grants. Previous reports had identified accounting issues with grants dating back to 2002.

This latest revelation indicates that Steve Jobs knew of the problem, but claims he did not know of the accounting ramifications. Typically, a CEO of a publicly traded company is responsible for the financials especially since the enactment of the Sorbanes Oxley legislation.

In other words, its questionable if Steve Jobs can claim no fault for not knowing what he was responsible for signing off on as the CEO. It could be that the admonition of Jobs could have been taken out of context. It could reflect financials from one time period, say before Sorbanes Oxley, and not those after, or vice versa.

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