An apple a day- especially one that’s a consumer electronics and computer software behemoth- can’t keep the Feds away. Apple Inc's chief executive Steve Jobs has been subpoenaed by the Securities and Exchange Commission to give a deposition in its lawsuit against Apple’s former general counsel Nancy Heinen. The SEC alleges that Heinen and former Apple chief financial officer Fred Anderson backdated more than $20 million in stock options for Jobs, themselves, and others in 2001. Anderson did not admit to the accusations, but avoided prosecution by paying fines to the iTune of $3.5 million, Reuters reports. As for Jobs, Apple says an internal review found he had done nothing wrong.
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September 20, 2007
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